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Toyota Industries Corp. The company’s company’s Nagakusa plant, Aichi prefecture, Japan’s logo in Japan.
Bloomberg | Bloomberg | Getty pictures
Shares Toyota industry Reduced up to 13% Wednesday, after the Toyota Group is reported 4.7 trillion yen ($ 33 billion) bargaining Take the company private.
This deal comes at a time when Japanese companies face the pressure of both regulators and investors get rid of long-termsHed Cross-cross CharnHeaatholing connections. The Japanese Financial Services Agency is a call Reduction of cross-stock arrangements.
According to the CNBC, in 2005, Satoru Aoyama, Satoru Aoyama, the head of corporate ratings in Fitch rankings in Fitch, Toyota, protected by Aoyama, said that the Toyota group will be more than cross-stock.
According to Reuterters, 16,300 Yen APIEE, the tender proposal for Toyota Industries $ 26 billion for shares, reduced from 18,400 yen than 18,400 yen before the transaction was declared.
Toyota Group will Establish a new holding company for the bargainAbout 180 billion yen with Toyota Fudosan and Toyota Motor Board Chairman Akio Toyo will invest 1 billion yen in Toyota Motor Board. Toyota Motor will invest approximately 700 billion yen without voting.
Other financing will be supported by loans Sumitomo Mitsui Banking Corporation, Mufg Bank and Mizuho Bank.
Some factors that offer the presentation “not attractive”, a global capital research analyst Arun George About Smartarma.
George pointed out that the price of the proposal is below the average point of the evaluation range provided by independent financial advisors.
“The special committee offers 3 times the researcher improves JPY16,300 final offer, but withdrew,” he said.
In April, Toyota said he was investigating investment in potential $ 42 billion purchase Toyota Industries. Toyota Motor, who came out of Toyota Industries in 1937, noted a the films of the regulation Toyota Industries was the phrase “Partial Investment, including various opportunities.”
The deal is positive for the Toyota group, Okamura said. Long-term, if these shareholders will be free and income growth investment, it closes well for the return of capital.
The Toyota engine produces a number of products, including Toyota Industries, Forklifts, Engines, Electronic Components and Stamping Dead.
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