Tag: Elliott Management
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Elliott Objects to Toyota Industries Privatization Bid, Urges Minority Shareholders to Push Back
Industry giants in play: Elliott opposes Toyota Industries privatization Activist investment firm Elliott Management is taking a public stance against a proposed privatization of Toyota Industries Corporation, a move valued at about ¥6.1 trillion (roughly $39 billion). The argument from Elliott is not a blanket rejection of corporate restructuring as a concept; rather, it centers…
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Elliott Opposes Toyota Industries Privatization Bid
Overview Activist investment firm Elliott Investment Management is taking a stand against Toyota Industries Corp.’s proposed privatization. The bid, valued at approximately ¥6.1 trillion (roughly $39 billion), would take the machinery maker private and delist it from the Tokyo Stock Exchange. Elliott has urged other minority shareholders to resist the proposal, arguing that Toyota Industries…