Group 1 - Toyota Industries Corp, a group company of Toyota Motor, has extended the tender offer period for its buyout of Toyota Industries until March 2 to enhance the bid's success chances [1] - The deadline was moved from February 12 to provide shareholders with a renewed opportunity to decide on the tender [1] - Following the announcement, shares of Toyota Industries increased, reaching a peak of 20,000 yen, up from approximately 19,400 yen, with a last recorded increase of 1.0% at 19,865 yen [1] Group 2 - The planned buyout aims to strengthen the Toyoda founding family's control over the automotive conglomerate [1] - The deal faces significant opposition from U.S. activist investor Elliott Investment Management and others, marking a governance test for Toyota and Japan Inc [1]
Toyota group firm extends Toyota Industries tender offer to boost buyout's chances
Reuters·2026-02-12 05:45