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Today's Pre-Market Movers and Top Ratings | NVDA, TSLA, DPZ, and More
Akio Toyoda is reportedly planning to acquire Toyota Industries to strengthen the control over the group's Business, raising concerns about corporate governance.
The stock price of Toyota Industries skyrocketed as investors are digesting the proposal from Akio Toyoda, the Chairman of Toyota Motor, to comprehensively acquire the company, which has also raised concerns about corporate governance issues. Sources indicated last Friday that Toyota Industries, founded by Akio Toyoda's great-grandfather, established a special committee after receiving the acquisition proposal and hired consultants for evaluation. One source close to Akio Toyoda noted that the acquisition proposal values Toyota Industries at 6 trillion yen (42 billion USD). This trade represents a premium of about 40% over its Market Cap at last Friday's closing.
Biggest Stock Movers Monday: TM, AMPY, and More
Toyota Says No Decision Yet On Toyota Industries Investment
Market Chatter: Toyota Industries Shares Surge on Buyout Talk
Stocks with a limit-up or limit-down in the afternoon session.
■ Price Limit Up <1777> Kawasaki Equipment Industry <338A> Zenmu Tech <4240> Cluster Technology <4288> Azgent <6016> Japan Engine Corporation <6201> Toyota Automatic Loom Works <6614> Shikino High-Tech <7018> Utsumi Shipbuilding <9235> Sellable Internet Advertising Group <9377> AGP ■ Price Limit Down <260A> Ortz * Includes temporary price limits up and down (indication price).
