Elliott refuses to accept the acquisition offer, Toyota Motor stock price rises

LootboxPhobia · 2026-02-14T03:50:25+00:00

Elliott Investment Management announced that it does not support Toyota Industries' acquisition offer and encourages other shareholders to withdraw their shares. The investment firm believes the acquisition price is too low and harms shareholders' interests. As a result, Toyota Industries' stock price rose by 2.33%.

LootboxPhobia

2026-02-14 03:50:25

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Investing.com – Elliott Investment Management announced on Friday that it will not include its holdings in Toyota Industries under the current terms of the extended takeover offer and strongly encourages other shareholders to take the same action.

The investment firm also urged shareholders to withdraw their submitted shares. Following this announcement, Toyota Industries’ stock price rose 2.33% to 20,450 yen per share.

Elliott has become the most outspoken opponent of the acquisition of this forklift manufacturer by the Toyota Group and its privatization. The investment firm has consistently argued that the purchase price is too low and harms minority shareholders’ interests.

The initial acquisition price proposed by the Toyota consortium was 16,300 yen per share, which was increased to 18,800 yen when the takeover bid was launched in January. The offer was originally set to end on Thursday but has now been extended.

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