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Toyota Industries shares jump after Toyota Motor raises buyout offer to over $35 billion
CNBC· 2026-01-15 01:21
Core Viewpoint - Toyota Industries Corp. shares surged following Toyota Motor's increased tender offer to acquire the company for over $35 billion, reflecting a strategic move to take the company private [1][2]. Group 1: Share Price Movement - Shares of Toyota Industries rose by 5.8% after Toyota Motor announced the buyout offer price was raised to 18,800 yen ($118.11) per share from 16,300 yen [2]. - The increase in share price indicates positive market sentiment regarding the acquisition [2]. Group 2: Acquisition Details - Toyota Motor's revised buyout offer represents a 15% increase from the previous offer, totaling over 4.7 trillion yen for the acquisition [2]. - The deal includes a contribution of 1 billion yen from chair Akio Toyoda and an investment of approximately 700 billion yen in non-voting preferred shares by Toyota Motor [2]. Group 3: Valuation Concerns - Despite the revised offer being an all-time high, analysts suggest it may still be undervalued, as it falls below the midpoint of the valuation range provided by an independent adviser [3]. - Concerns were previously raised by Toyota Industries regarding the likelihood of the deal's success, prompting requests for a higher price [3]. Group 4: Company Overview - Toyota Industries, the founding company of Toyota Motor, manufactures a diverse range of products, including forklifts, engines, electronic components, and stamping dies [4].
AmeraMex International Provides Shareholder Update and Outlook for 2026
TMX Newsfile· 2026-01-14 13:05
Chico, California--(Newsfile Corp. - January 14, 2026) - AmeraMex International, Inc. (OTC Pink: AMMX), a premier provider of new and refurbished heavy equipment serving the logistics, construction, and industrial markets, today issued a shareholder update.AmeraMex CEO Lee Hamre stated, "As we finalize our 2025 results, we anticipate revenue in the range of $15 to $16 million, compared to $14.9 million in 2024 and $13.4 million in 2023. We also expect to return to profitability in 2025 following net losses ...
United Rentals (URI) Maintains Overweight Rating as Secular Trends Support Outlook
Yahoo Finance· 2025-09-10 03:55
Group 1 - United Rentals, Inc. (NYSE:URI) is among the best performing S&P 500 stocks in the last 3 months [1] - KeyBanc maintained its Overweight rating on United Rentals, Inc. and raised its price target from $960 to $1,075 [1] - KeyBanc's study focused on secular non-residential development trends, particularly in the data center industry, monitoring 542 data center projects with a total estimated investment value of $990 billion from January 2020 to July 2025 [1] Group 2 - Despite potential hurdles such as interest rates, legal issues, and power grid limits, KeyBanc estimates forward investment visibility at about $459 billion after applying a conservative 50% discount to outstanding project expenditure [2] - United Rentals, Inc. provides a variety of industrial equipment for the construction industry, including forklifts, cranes, tools, booms, and scissor lifts [3]
Toyota Industries' shares nosedive on $33 billion buyout plan — steepest fall in 10 months
CNBC· 2025-06-04 02:45
Group 1 - Toyota Industries Corp. shares fell by as much as 13% following Toyota Group's announcement of a 4.7 trillion yen ($33 billion) deal to take the company private, with a tender offer of $26 billion at 16,300 yen per share, significantly lower than the previous closing price of 18,400 yen [1] - The deal involves the creation of a new holding company, with Toyota Fudosan investing approximately 180 billion yen, Akio Toyoda investing 1 billion yen, and Toyota Motor investing around 700 billion yen in non-voting preferred shares, alongside loans from major banks [2] - This transaction reflects a broader trend in Japan where companies are under pressure to reduce long-standing cross-shareholding arrangements, as urged by the Financial Services Agency [3] Group 2 - Akio Toyoda's investment is seen as symbolic, aimed at enhancing unity within the Toyota group, although it does not provide him full control over Toyota Industries [4] - In April, Toyota indicated it was considering a potential $42 billion buyout of Toyota Industries, exploring various investment options, including partial investment [5] - A special committee engaged in negotiations to secure a better deal, but the final offer of 16,300 yen was below the midpoint of the valuation range provided by independent financial advisers, and requests for an improved offer were declined [6] Group 3 - Toyota Industries, the founding company of Toyota Motor, manufactures a diverse range of products, including forklifts, engines, electronic components, and stamping dies [7]