Toyota is subject to policy holdings such as TOB treasury stock and approximately 806.8 billion yen - MUFG
Updated 2024/7/23 16:37 JST (some excerpts)
Stock purchases totaling approximately 290 million, including Sumitomo Mitsui, Tokio Marine, M&AD, etc.
The release of Toyota stock by a major financial institution for the first time symbolizes the trend of dissolution of “holdings”
Toyota Motor Corporation announced on the 23rd that it will carry out a public tender offer (TOB) to acquire Toyota shares held by the Mitsubishi UFJ Financial Group, Tokio Marine & Nichido Fire Insurance, etc. It is said that they will utilize the share buyback framework with an upper limit of 1 trillion yen already set by Toyota.
According to Toyota's presentation materials, it is planned to purchase 290.12 million2345 shares through TOB. The price is 2781 yen per share, and it will be carried out from 24th to 8/26, with the calculation that there is a discount of about 11% from the closing price on the 23rd. Sumitomo Mitsui Financial Group and MS & AD Insurance Group Holdings are also among the shareholders scheduled to apply.
Stock purchases totaling approximately 290 million, including Sumitomo Mitsui, Tokio Marine, M&AD, etc.
The release of Toyota stock by a major financial institution for the first time symbolizes the trend of dissolution of “holdings”
Toyota Motor Corporation announced on the 23rd that it will carry out a public tender offer (TOB) to acquire Toyota shares held by the Mitsubishi UFJ Financial Group, Tokio Marine & Nichido Fire Insurance, etc. It is said that they will utilize the share buyback framework with an upper limit of 1 trillion yen already set by Toyota.
According to Toyota's presentation materials, it is planned to purchase 290.12 million2345 shares through TOB. The price is 2781 yen per share, and it will be carried out from 24th to 8/26, with the calculation that there is a discount of about 11% from the closing price on the 23rd. Sumitomo Mitsui Financial Group and MS & AD Insurance Group Holdings are also among the shareholders scheduled to apply.
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