Latest News for TYIDY

The U.S. activist investor's decision paves the way for the Japanese forklift maker to be taken private.

Elliott Management has offered to pay around market price to buy Toyota Industries shares from holders who have agreed to a tender offer that the U.S. activist said undervalues the forklift truck maker, two people familiar with the matter said.

Elliott Investment Management on Friday said it will not tender its Toyota Industries shares into an extended tender offer at current terms and strongly encouraged other shareholders to follow suit.

A group company of Toyota Motor said on Thursday that the tender offer period for its buyout of forklift maker Toyota Industries will be extended until March 2 to increase the chances of the bid succeeding.

Elliott Investment Management has stepped up its challenge to the Toyota group's take-private bid for Toyota Industries (TYIDY), increasing its stake to around
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