Overview

• Toyota Group has offered 16,300 yen per share to take Toyota Industries private, a price below its prior 18,400 yen close that sent its stock down 13 percent.
• The transaction values Toyota Industries at about 4.7 trillion yen ($33 billion) and establishes a new holding company to centralize ownership within the group.
• Toyota Fudosan will contribute approximately 180 billion yen, Toyota Motor will invest around 700 billion yen in non-voting preferred shares and chairman Akio Toyoda will add 1 billion yen.
• The deal unwinds cross-shareholding with AISIN, Denso and Toyota Tsusho and refocuses Toyota Industries on autonomous logistics technologies and eco-friendly powertrains.
• Privatization supports Toyota Group’s push to streamline governance and accelerate its transformation into a comprehensive mobility company.