Activist investor Elliott is reported to hold nearly 5% of Toyota Automatic Loom Works (6201.JP) and is dissatisfied with the low privatization price

AASTOCKS
2025.11.11 08:11

According to a report by Bloomberg, activist investor Elliott Investment Management holds nearly 5% of Toyota Industries Corporation (6201.JP) and has pointed out to the Toyota Group that the proposed privatization price of 16,300 yen per share is too low, requesting alternative options. Toyota Industries disclosed that as of the end of September, Elliott held a 3.26% stake in the company, making it one of the largest shareholders.

Toyota Motor Corporation (7203.JP) Chairman Akio Toyoda proposed a privatization of Toyota Industries for 4.7 trillion yen (30.5 billion USD) in June this year, which represents an 11% discount to the latter's previous closing price, sparking investor discussions that the offer is too low.

Toyota Industries closed today at 17,250 yen, up 1.77%

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