Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > Elliott weighs tender offer for Toyota Industries, Nikkei reports

Elliott weighs tender offer for Toyota Industries, Nikkei reports

Published by Global Banking and Finance Review

Posted on January 28, 2026

2 min read

Last updated: January 28, 2026

Fourth sanctioned LNG tanker, Christophe De Margerie, at Russia's Arctic LNG 2 plant - Global Banking & Finance Review — The image showcases the Christophe De Margerie tanker docking at Russia's Arctic LNG 2, highlighting ongoing LNG export challenges amidst U.S. sanctions.

Tags:valuations equity investment corporate governance financial markets

Quick Summary

Elliott Investment considers a tender offer for Toyota Industries, criticizing Toyota's current bid and increasing its stake.

Elliott Considers Tender Offer for Toyota Industries Amid Investor Criticism

Elliott's Interest in Toyota Industries

TOKYO, Jan 28 (Reuters) - Activist investor Elliott Investment Management is considering a tender offer for Toyota Industries, the Nikkei business daily reported on Wednesday, in what could further complicate an effort by the Toyota group to take the forklift maker private.

Criticism of Current Offer

Elliott has criticised the auto group's bid for Toyota Industries, at 18,800 yen ($123.21) a share, as too low, calling on shareholders not to tender into the revised offer price.

Pressure on Toyota Industries

The take-private plan, first proposed last June at 16,300 yen per share, has come under fire from investors criticising what they argued was an opaque valuation methodology and a process that failed to protect minority shareholder interests.

Potential Rival Bid

Pressure on the world's largest automaker increased after Elliott, one of the world's most prominent activist hedge funds, disclosed its stake in November. Its stake stood at 6.65% as of the latest filing last week.

Citing an unnamed source, the Nikkei reported that Elliott's stake had risen further since then, and that it was exploring a rival bid to prevent shareholders of Toyota Industries from tendering their shares.

($1 = 152.5800 yen)

(Reporting by Satoshi Sugiyama and Anton BridgeEditing by Chang-Ran Kim)

Key Takeaways

•Elliott Investment is considering a tender offer for Toyota Industries.
•Elliott criticizes Toyota's current offer as too low.
•Investors are concerned about the valuation methodology.
•Elliott's stake in Toyota Industries has increased.
•A potential rival bid could impact Toyota's take-private plan.

Frequently Asked Questions about Elliott weighs tender offer for Toyota Industries, Nikkei reports

1What is a tender offer?

A tender offer is a public proposal to purchase some or all of shareholders' shares at a specified price, often at a premium over the current market price.

2What is corporate governance?

Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled, focusing on the interests of stakeholders.

3What is equity in finance?

Equity represents ownership in a company, typically in the form of stocks or shares, giving shareholders a claim on the company's assets and earnings.

4What are financial markets?

Financial markets are platforms where buyers and sellers engage in the trade of assets such as stocks, bonds, currencies, and derivatives.

5What is valuation in finance?

Valuation is the process of determining the current worth of an asset or a company, often using various methods such as discounted cash flow or market comparisons.

Elliott's Interest in Toyota Industries

Criticism of Current Offer

Elliott has criticised the auto group's bid for Toyota Industries, at 18,800 yen ($123.21) a share, as too low, calling on shareholders not to tender into the revised offer price.

Pressure on Toyota Industries

Potential Rival Bid

($1 = 152.5800 yen)

(Reporting by Satoshi Sugiyama and Anton BridgeEditing by Chang-Ran Kim)

Key Takeaways

•Elliott Investment is considering a tender offer for Toyota Industries.

•Elliott criticizes Toyota's current offer as too low.

•Investors are concerned about the valuation methodology.

•Elliott's stake in Toyota Industries has increased.

•A potential rival bid could impact Toyota's take-private plan.

Frequently Asked Questions

1What is a tender offer?

A tender offer is a public proposal to purchase some or all of shareholders' shares at a specified price, often at a premium over the current market price.

2What is corporate governance?

Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled, focusing on the interests of stakeholders.

3What is equity in finance?

Equity represents ownership in a company, typically in the form of stocks or shares, giving shareholders a claim on the company's assets and earnings.

4What are financial markets?

Financial markets are platforms where buyers and sellers engage in the trade of assets such as stocks, bonds, currencies, and derivatives.

5What is valuation in finance?

Valuation is the process of determining the current worth of an asset or a company, often using various methods such as discounted cash flow or market comparisons.