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Story summary
- Toyota Motor Corporation raised its buyout offer for Toyota Industries Corporation by 15% to ¥18,800 per share, valuing the deal at ¥6.1 trillion ($39 billion).
- The increase follows pressure from activist investors, including Elliott Investment Management, who argued the initial offer undervalued the company.
- Toyota Industries' shares have traded above the offer price, signaling investor skepticism about fairness.
- The tender offer runs January 15 to February 12.
