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Stock impact report

Toyota Raises Bid for Unit by 15% After Elliott Pressure [Yahoo! Finance]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Company Research Source: Yahoo! Finance
The Japanese giant increased its bid to ¥18,800 for each share of Toyota Industries Corp. it doesn't own, Toyota Motor Corp. said Wednesday. That compares with the initial offer of ¥16,300 a share in June last year. The tender offer will begin Thursday and run through Feb. 12, according to the statement. Most Read from Bloomberg Why the Renovation of Federal Reserve Headquarters Costs $2.5 Billion Hochul Eyes Jamaica Station Revamp and Subway Link Across Harlem Summit Properties Wins Auction for Bankrupt NYC Apartments The Latest Brand of Tech City Dreams: Virtual Residents Former New York City Housing Liaison Charged With Taking Bribes The raised offer represents a victory for shareholder activism in Japan, and bolsters the case for more campaigns to follow in the country. Though investors have increasingly found success pushing Japan Inc. for changes in recent years, no one had come close to taking on anyone the size of Toyota. The original price was a major stickin Show less Read more
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