Toyota Industries shares slide nearly 12% as $33bn buyout offer disappoints

  • Toyota Industries shares dropped 11.9% on Wednesday after Toyota Motor's ¥4.7 trillion bid to take the company private came in well below investor expectations. The ¥16,300 per share offer was a steep discount to Tuesday's closing price of ¥18,400, sparking criticism from analysts who said the deal undervalues the firm's assets, including significant real estate holdings.