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Toyota Supplier Shares Set to Rise on Possible Buyout Plan
Bloomberg
Shares in Toyota Industries Corp. are expected to surge by the daily limit after Toyota Motor Chairman Akio Toyoda proposed to buy out the company. Bloomberg News has learned that the deal would value Toyota Industries at ¥6 trillion, a 40% premium over its market capitalization. It would also represent one of the biggest buyouts in the world, as Reed Stevenson reports.
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