Toyota Industries' shares nosedive on $33 billion buyout plan — steepest fall in 10 months

  • Toyota Industries slumped as much as 13% Wednesday, after Toyota Group's reported 4.7 trillion yen ($33 billion) deal to take the company private. That includes a tender offer of $26 billion for shares of Toyota Industries at 16,300 yen apiece, according to Reuters, sharply lower than 18,400 yen on Tuesday before the deal was announced.