Toyota Industries to go private in $3.69 trillion deal

Toyota Industries Corporation [TSE:6201] will be taken private in a deal valued at approximately JPY 3,689,907,642,600. The move is part of a larger strategic realignment within the Toyota Group to enhance its competitiveness and capitalize on emerging opportunities in the mobility sector. Toyota Motor Corporation initiated the plan, but Toyota Industries' board is expressing their support and currently recommends shareholders to decide on the offer on their own terms.