Toyota Motor (TM) announced that TMC decided to tender a part of the common shares of KDDI (KDDIY) held by TMC in the tender offer for treasury shares by KDDI, which was resolved at a meeting of Toyota’s Board of Directors. The number of shares to be tendered will be 64,102,500 common shares at a tender offer price 3,900 yen per share so that the total amount to be sold will be 249,999,750,000 yen, according to a notice from Toyota.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TM:
- TM Earnings this Week: How Will it Perform?
- Major automakers plan joint investment in thousands of EV chargers, WSJ says
- The Council of the EU adopts new rules intended to make EV charging convenient
- Toyota’s Hino to launch EV truck in U.S. in 2024, Nikkei Asia reports
- EU new car registrations up 17.8% in June