Toyota Industries to accept Toyota group's planned tender offer, Kyodo says
Bloomberg News reported last month Toyota Motor Chairman Toyoda has proposed acquiring supplier Toyota Industries in a possible 6 trillion yen ($41 billion) deal.
Following the report, Toyota said it was considering a potential buyout of the key parts supplier. If realised, that would be a landmark deal for Japan Inc that transforms its most influential corporate group.
Toyota and Toyota Industries did not immediately respond to requests for comment on the Kyodo report.
($1 = 144.8700 yen)
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