Toyota Group to Privatize Toyota Industries for $33 Billion
Akio Toyoda in 2022. (Akio Kon/Bloomberg News) The Toyota group’s proposal to privatize Toyota Industries Corp. is drawing criticism from investors and analysts, who argue the 4.7 trillion yen ($33 billion) deal significantly undervalues the company and risks alienating shareholders with what many view as an unpalatable transaction. The planned tender offer of 16,300 yen ...more