Toyota(US:TM) 智通财经网·2025-05-07 11:42Group 1 - Toyota Motor Corporation's chairman Akio Toyoda is advancing a plan to acquire Toyota Industries Corporation for $42 billion, which would be the largest acquisition in Japan's history [1][2] - The acquisition aims to strengthen corporate governance by eliminating cross-shareholdings within the Toyota group [1][6] - A special purpose company established by Toyota for the acquisition has appointed Nomura Holdings as its financial advisor, while Toyota Industries has engaged SMBC Nikko Securities as its advisor [1][2] Group 2 - If successful, this privatization deal will rank among the largest acquisitions globally, with Toyota Industries' market capitalization around 5.5 trillion yen (approximately $384 billion), having increased by about 27% since the acquisition news broke [2] - The complex cross-shareholding structure within the Toyota group includes Toyota Motor holding approximately 24.2% of Toyota Industries, while Toyota Industries holds about 9.1% of Toyota Motor [2][5] - The Japanese government is accelerating efforts to eliminate such cross-shareholdings to improve corporate governance and increase shareholder returns [6]