TOYOTA CHAIRMAN PROPOSES POSSIBLE $42 BILLION ACQUISITION OF TOYOTA INDUSTRIES, BLOOMBERG REPORTS

TOKYO (Reuters) -Toyota Motor Chairman Akio Toyoda has proposed the acquisition of supplier Toyota Industries in a possible 6 trillion yen ($42 billion) deal, Bloomberg News reported on Friday. 

Toyota Industries, which makes parts for the automaker, has formed a special committee after receiving the proposal and has hired advisers to examine the offer, Bloomberg said, citing people familiar with the matter.

The deal, if executed, would mark a massive buyout for corporate Japan and it would give Toyoda, the grandson of the automaker's founder, full control over one of the major companies among the sprawling Toyota group.

No one was immediately available for comment at Toyota Motor or Toyota Industries outside regular working hours.

($1 = 143.5300 yen)

(Reporting by Satoshi Sugiyama, Kiyoshi Takenaka and Maki ShirakiEditing by David Goodman and Tomasz Janowski)

2025-04-25T10:42:46Z