Toyota Tsusho (JP:8015) has released an update.
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Toyota Tsusho Corporation has announced a tender offer to acquire all remaining shares of its subsidiary, Elematec Corporation, aiming to make it a wholly-owned entity. The company currently holds a 58.63% stake in Elematec and proposes a purchase price of 2,400 yen per share. This move is part of a strategic transaction to consolidate ownership and streamline operations.
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