Toyota Industries Receives $34B Privatization Offer

Toyota Industries, the original parent and now a major supplier within Toyota Group, has received a tender offer to go private in a deal valued at approximately $33-34 billion, led by Toyota Fudosan, Toyota Motor, and chairman Akio Toyoda. The proposed acquisition includes the creation of a new holding company and the dissolution of complex cross-shareholdings among Toyota Group firms, supporting broader Japanese government reforms to simplify corporate structures. The offer price of ¥16,300 per share is about 11% below Toyota Industries’ recent closing price. The transaction aims to strengthen the founding family's control and accelerate development in autonomous logistics technologies and management software. This move comes amid rising shareholder activism and regulatory pressure for better returns. The board of Toyota Industries is currently evaluating the proposal, signaling a major governance shift for the group.