Once the tender offer is accepted, the group companies are expected to take Toyota Industries private. The acquisition is estimated to be valued at around 6 trillion yen (approximately $42 billion)
The proposal values Toyota Industries at ¥6 trillion ($42 billion), about 40% above its market cap as of Friday's close, reflecting its role in textiles and auto parts
Toyota is suspending production at all 28 lines of its 14 plants in Japan starting on Tuesday, because of a system malfunction that a domestic supplier suspects is a cyberattack
Toyota launched the new version of its premium SUV Fortuner, priced between Rs 29.98 lakh and Rs 37.43 lakh (ex-showroom Delhi)
A deal for Intelligrated could come in days and value the privately held company at around $1.5 billion