US Stock Movement | Toyota Motor drops 5.4% pre-market, officially announces a 9.6% price increase for the privatization of Toyota Industries

格隆汇 March 3｜A certain exchange (TM.US) fell 5.4% in pre-market trading, quoted at $230.5. According to reports, the exchange has reached a milestone agreement with activist investor Elliott Investment Management to privatize Toyota Industries, paving the way for the largest acquisition in Japanese corporate history. It is reported that the exchange and its affiliated companies are currently willing to acquire Toyota Industries shares they do not yet hold at 20,600 yen per share, and the tender offer deadline has been extended to March 16. The new offer values the target company at 6.7 trillion yen (approximately $42.8 billions), which is 9.6% higher than the previous offer.