3 articles tagged
Toyota Motor Corporation has raised its offer to 20,600 yen per share for Toyota Industries Corporation, effectively valuing the buyout at approximately $30 billion. This move has secured the agreement of Elliott Investment Management, ending a prolonged standoff over the share price.
Toyota is set to undertake a significant unwinding of shareholdings valued at approximately $19 billion, marking a pivotal change in Japan's corporate governance landscape. This move has been sparked by banks and insurers planning to sell these stakes.
Toyota Motor Corporation has appointed Kenta Kon as its new CEO, replacing current CEO Koji Sato, who will transition to vice chairman. This leadership change is part of the company's strategy to enhance cost management amid fierce competition from Chinese automakers.
