Activist Pressure Turns Toyota Industries Buyout Into a Prolonged Governance Standoff
Toyota’s attempt to take Toyota Industries (TICO) private has become a high-profile confrontation between an activist investor seeking a substantially higher price and a corporate group that emphasizes stakeholder cohesion. Toyota raised its offer to 18,800 yen per share - a roughly 15% increase valuing the deal at about $27.8 billion - but the U.S…