
Toyota Motor stock jumps on potential buyout of its supplier at $42 bln valuation
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 ...