TOKYO (Reuters) -Shares of Toyota Industries (OTC:TYIDF) were set for their biggest daily jump on record on Monday after Japanese automaker Toyota said it was considering a potential buyout of the key parts supplier, which has a market value of 4 trillion yen ($28 billion).Toyota Industries shares remained untraded with a glut of buy orders on Monday. The bid and ask indicated that their price w ...
By Scott MurdochSYDNEY (Reuters) -The Australian Securities Exchange said on Monday it will review shareholder approval requirements for large corporate buyouts by listed companies, after investors questioned James Hardie (NYSE:JHX) Industries’ $8.75 billion deal for U.S. builder AZEK.The ASX had given the fibre-cement maker a waiver to avoid a shareholder vote on the deal, angering investors wh ...
Investing.com-- Shares of Toyota (NYSE:TM) Motor (TYO:7203) jumped on Monday after the automaker revealed it is exploring a potential buyout of its key parts supplier, Toyota Industries (OTC:TYIDF) Corp (TYO:6201).Toyota Motor Chairman Akio Toyoda has proposed a buyout of Toyota Industries, aiming to strengthen his control over Japan’s largest business empire, Bloomberg reported on Friday, cit ...
HONG KONG (Reuters) - China’s Ant Group is buying a controlling stake in Hong Kong-based brokerage Bright Smart Securities & Commodities Group for about $362 million, marking the fintech firm’s first acquisition of a securities brokerage licence.Ant Group agreed to buy a 50.55% stake in Bright Smart for HK$2.81 billion ($362.26 million), the firms said in a joint statement.Bright Smart cha ...