Summary

Elliott Investment Management reiterated its opposition to the Toyota consortium’s tender offer for Toyota Industries, urging shareholders to reject the offer and withdraw tendered shares. Despite the offer price increase to 18,800 yen, Elliott argues it undervalues the company and harms minority shareholders.

https://www.channelnewsasia.com/business/elliott-reiterates-call-against-toyota-industries-tender-offer-shares-hit-record-5928276