Toyota Industries Shares Surge Past Buyout Offer as Valuation Concerns Persist
Toyota Industries shares rallied 6% to 19,080 yen, surpassing parent company Toyota's sweetened buyout offer of 18,800 yen per share. The revised bid represents a 15% premium over last year's offer but remains below independent valuation estimates, suggesting lingering undervaluation concerns.
The automotive giant's 4.7 trillion yen privatization push now faces market skepticism as traders bid shares above the tender price. This marks the second price adjustment since Toyota Industries rejected December's initial proposal, demonstrating the delicate balance between corporate restructuring and shareholder value capture.