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Toyota Industries Corp. At the Nagakusa company in OBU, AICHI, Japan.
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Shares Toyota Industries dropped to 13% On Wednesday, after reported by Toyota Group 4.7 trillion yen (33 billion dollars) transactions Take a private company.
This transaction occurs at a time when Japanese firms face mounting pressure both by regulators and investors unwind long-establashed-cross connections. Japan’s financial agency calls for Reduction of an agreement on cross -disease.
In 2005, Toyota worked on crossed diseases to protect itself from threats for acquisition, said CNBC Satora Aoyama, head of the corporate rating department in Fitch Ratings in Japan. “Going forward, among the Toyota Group there will be more promoting crosses,” said Kay Okamura, head and Japanese stock manager at Neuberger Berman.
According to Reuters, the inclusion of a $ 26 billion proposal for Toyota Industries stock is 16,300, which is sharply lower than 18,400 yen, closed on Tuesday before the transaction was announced.
Toyota Group will Create a new holding company for transactionWhen a Toyota Fudosan Real Estate Group invests about 180 billion yen, while the chairman of the Toyota Motor Akio Toyoda deposits 1 billion yen. Toyota Motor deposit about 700 billion yen in the prevailing stocks that have not voted.
Other funding will be supported by loans from Sumitomo Mitsui Banking Corporation, Mufg Bank and Mizuho Bank.
There are several factors that suggest that the proposal is “unattractive”, – said Arun George, a research analyst, a stock study analyst, On Smartkarma.
George noted that the price price was below the average assessment point given by independent financial advisors.
“The Special Committee asked three times to improve the JPY16 300’s final proposal, but there was a fight,” George said.
Back in April, Toyota said she was studying investment in potential Redemption of 42 billion dollars Toyota Industries. Toyota Motor, which has turned away from Toyota Industries in 1937, noted in regulatory supply It was “studying various opportunities, including partial investments” in Toyota Industries.
The deal is positive for the Toyota Group, Okamura said. In the middle and long term, when these stocks are unleashed and when the revenue is used for growth investment, it is well suited for capital profitability.
Toyota Industries, which founded Toyota Motor, produces a number of products including loaders, engines, electronic components and stamps.
