Toyota Industries to announce acceptance of $42bn takeover bid

Toyota Industries to announce acceptance of $42bn takeover bid Toyota Industries to announce acceptance of $42bn takeover bid

TOKYO — Toyota Industries is expected to announce that it will accept a takeover bid by Toyota Motor and other group companies as early as Tuesday, Nikkei has learned.

The acquisition is thought to be worth about 6 trillion yen ($42 billion). The group companies are expected to take Toyota Industries private after it accepts the tender offer.