Toyota(US:TM) 智通财经网·2025-11-11 12:25Group 1 - Toyota Motor's acquisition plan for Toyota Industries is facing obstacles due to Elliott Investment Management's significant shareholding and concerns over undervaluation and governance standards [1][2] - Elliott has communicated its views to the management and board of Toyota Industries, claiming to be one of its largest shareholders, with a reported holding of 3.26% as of September 30, and close to 5% currently [1][3] - The proposed acquisition price of 16,300 JPY per share represents a 23% premium over the price before the announcement in April but is an 11% discount compared to the closing price on the announcement day in June [3] Group 2 - Toyota Motor holds approximately 25% of Toyota Industries, while Toyota Real Estate owns 5.42%, both companies are committed to advancing the delisting transaction while considering all stakeholders [2] - Toyota Industries has maintained constructive dialogue with shareholders and plans to continue this communication approach [3] - Elliott has been active in Japan and South Korea, previously pressuring Kansai Electric Power and engaging in notable campaigns with Samsung Electronics and Hyundai Motor [4][5]