Toyota tender offer for Toyota Industries closes, results due Tuesday
CNA
TOKYO, March 23 : Toyota's tender offer to take supplier Toyota Industries private at a price of 20,600 yen per share was set to close on Monday, with the results expected at or after 3:30 p.m. (0630 GMT) on Tuesday.Earlier this month, Toyota bumped its offer price for the forklift maker from 18,800 yen per s
TOKYO, March 23 : Toyota's tender offer to take supplier Toyota Industries private at a price of 20,600 yen per share was set to close on Monday, with the results expected at or after 3:30 p.m. (0630 GMT) on Tuesday.
Earlier this month, Toyota bumped its offer price for the forklift maker from 18,800 yen per share, valuing the deal at about $30 billion and ending a months-long standoff with activist fund Elliott Investment Management.
The offer period was set to expire at 3:30 p.m. Tokyo time on Monday.
Toyota originally offered 16,300 yen per share last year before lifting the bid twice, with the final offer price representing a 26 per cent premium to its initial proposal.
TOKYO, March 23 : The Bank of Japan is laying the groundwork for tweaks to its policy language in April, keeping alive the chance of a near-term interest rate hike as the weak yen and Middle East conflict pile inflationary pressures on the economy.While the central bank kept rates steady last week, Governor K
TOKYO, March 23 : Japan is considering a reduction in buybacks of inflation-linked government bonds as investor demand swells amid rising inflation expectations, two sources familiar with the matter said on Monday.In late January, market-based inflation expectations, measured by the break-even inflation rate
SEOUL, March 23 : South Korea's LG Chem plans to shut down its no. 2 ethylene plant soon, a person familiar with the matter told Reuters on Monday, due to soaring prices of naphtha amid the Iran war.The plant is located in the Yeosu industrial complex and has an annual capacity of 800,000 metric tons per year
TOKYO, March 23 : Japan's top currency diplomat Atsushi Mimura said on Monday that the government is prepared to take all measures to tackle volatility in foreign exchange markets, cautioning that speculative trade on oil futures could be impacting currencies."There are some views that speculative activity in
TOKYO, March 23 : The dollar was poised for a rebound on Monday as retaliatory threats escalated in the Middle East crisis, damping risk sentiment and boosting demand for haven assets.The greenback on Friday closed out its first weekly decline since the start of the war in Iran, as the effect of surging oil p
Only vehicles from model year 2015 and earlier, traditional jeepneys, power plants and generators, and the marine and shipping sectors would be allowed to use Euro-II compliant petroleum products.
Only vehicles from model year 2015 and earlier, traditional jeepneys, power plants and generators, and the marine and shipping sectors would be allowed to use Euro-II compliant petroleum products.
SEOUL: South Korean economist Shin Hyun-song, best known for predicting the 2008 Global Financial Crisis, was named on Sunday (Mar 22) to head the central bank, facing inflation risk from the Iran war and uneven growth in Asia's fourth-largest economy.President Lee Jae Myung chose Shin, head of the economic d
SEOUL, March 22 : South Korean President Lee Jae Myung has named economist Shin Hyun-song to be the next central bank governor, best known for correctly predicting the 2008 Global Financial Crisis, to tackle surging debt and drive growth in Asia's fourth-largest economy.Shin, head of economic department at th
March 21 : OpenAI will begin showing ads to all users of the free and Go versions of ChatGPT in the United States in the coming weeks, a company spokesperson said in an emailed statement to Reuters.The move was first reported by The Information.OpenAI has recently integrated Criteo, an advertising tech
March 21 : Artificial intelligence start-up OpenAI plans to nearly double its workforce to 8,000 from 4,500 by the end of 2026, the Financial Times reported on Saturday, citing two people with knowledge of the matter.Reuters could not immediately verify the report. OpenAI did not immediately respond to Reuter
WASHINGTON: The US Treasury on Friday (Mar 20) temporarily lifted sanctions on Iranian oil already loaded onto vessels, in Washington's latest step to stem a supply crisis over the Middle East war.The
March 20 : Sezzle has dismissed its independent auditor Baker Tilly and instead appointed PricewaterhouseCoopers (PwC) for 2026, the buy now, pay later company said in a filing on Monday. The company disclosed a material weakness in controls over the classification of cash flows related to notes receivable fo