Toyota Motor Corp. Chairman Akio Toyoda’s proposal to buy out Toyota Industries Corp. for ¥4.7 trillion ($31.3 billion) has been delayed because the approval process under antitrust laws in various countries is taking longer than anticipated.
The takeover bid had been scheduled to start in December, but now isn’t likely to happen until at least February 2026, Toyota Industries said in a statement Monday. The take-private deal, unveiled in June, involves a real estate unit owned by group companies making a tender offer for the shares of Toyota Industries.
The regulatory hurdle could be the first of many ...
