Toyota will increase its acquisition offer for Toyota Automatic Looms to $132 per share

LootboxPhobia · 2026-03-02T06:27:07+00:00

Toyota plans to raise its acquisition price for Toyota Automatic Looms to ¥20,600 per share and extend the tender offer deadline to March 16. The price increase depends on securing bank loan guarantees. Previously, Toyota had offered ¥18,800 per share, and this move stems from a standoff with investor Elliott.

LootboxPhobia

2026-03-02 06:27:07

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Investing.com – According to a document released on Monday, Toyota plans to increase its offer price for the group company Toyota Automatic Loom Works (TICO) to 20,600 yen ($132) per share under certain conditions, and extend the offer deadline to March 16.

The Japanese automaker previously offered 18,800 yen per share for the forklift manufacturer. The tender offer was originally set to close on Monday.

The proposed price increase depends on whether Toyota can secure bank loan guarantees. The Monday document is the latest development in a months-long standoff between the world’s largest automaker and activist investor Elliott Investment Management.

Toyota stated in the document that it has been urging the automaker to raise its offer for TICO, and Elliott has agreed to sell its shares in TICO under certain conditions.

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