MS&AD Insurance Group Holdings (JP:8725) has released an update.
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MS&AD Insurance Group Holdings, Inc. has successfully tendered a significant portion of its Toyota Motor Corporation stock in a recent tender offer, selling 84,252,800 shares at a price of 2,781 yen per share. This move has altered MS&AD’s ownership ratio in Toyota Motor from 2.22% to 1.60%. The transaction was part of a broader tender offer by Toyota Motor that concluded on August 26, 2024, with MS&AD’s subsidiaries MSI and ADI participating.
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