Toyota Industries shares on a $ 33 billion purchase deal – a sharp decrease in 10 months

shares Toyota industries It declined by 13 % Wednesday, after reporting the Toyota Group 4.7 trillion yen ($ 33 ​​billion) To take the private company.

This includes a $ 26 billion tender for Toyota Industries at 16,300 yen, according to Reuters, sharply lower than 18,400 yen, which was closed on Tuesday before announcing the deal.

The Toyota group will Create a new holding company for the dealWith the group’s Toyota Vodusan Real Estate invested about 180 billion yen, while the Toyota Motor Akio Toyoda president invests 1 billion yen. Toyota Motor will invest about 700 billion yen in non -voting favorite stocks.

Other funding will be supported by loans from Sumitomo Mitsui Banking Corporation, MUFG Bank and Mizuho Bank.

This deal comes at a time when Japanese companies face increasing pressure from both organizers and investors Long relaxationSParticipation episodes in relationships. The Japanese Financial Services Agency invites to Decrease in the participation arrangements via.

“Protecting Toyota industries from acquisition threats are not new, as the Toyota Group has used participating in 2005 to protect from such threats,” Saturo Ayama, head of corporate classifications in Fitch in Japan.

Once again in April, Toyota said it was exploring investment in capabilities 42 billion dollars in acquisition From Toyota Industries. Toyota Motor, which was launched from Toyota Industries in 1937, noticed in A. Organizational deposit It was “exploring the various possibilities, including partial investment” in Toyota Industries.

There are some factors that indicate that the show is “unattractive” On Smartkarma.

The Special Committee held multiple negotiations with the bidder to show that he made real efforts to secure the best possible deal.

George pointed out that until then, the offer price was less than the center point for the evaluation scope offered by independent financial advisors assigned.

“The Special Committee asked three times that the bidder improves his final offer, but it was rejected,” George said.

Toyota Industries, which is founded by Toyota Motor, produces a range of products including fork, engines, electronic components and stamp death.

The Japanese stock portfolio and director of the Japanese stock portfolio, said that the deal is positive for the Toyota Group. In the medium to long -term, if these shareholders will be not binding, and if the returns will be used in growth investments, they are well affected by capital returns.

“Make a feet, there will be more of these crossed preparations between the Toyota group,” he said.