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Toyota Industries shares surge to record high above Toyota Motor’s revised $118.57 offer.
Toyota Industries shares hit a record high, rising 6% to 19,110 yen, surpassing Toyota Motor’s revised buyout offer of 18,800 yen per share—a 15% increase from the original bid.
The higher offer, valued at over $35 billion, follows investor skepticism over the initial deal’s valuation and transparency.
The tender offer, now open, will close on February 12.
At current exchange rates, the revised offer equals about $118.57 per share.
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Las acciones de Toyota Industries suben a niveles récord por encima de la oferta revisada de Toyota Motor de $118.57.