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Toyota Chairman’s buyout plan may pit him against Japan, Bloomberg says

Toyota (TM) Motor Chairman Akio Toyoda’s bid to buy out Toyota Industries may pit him against Japan’s efforts to reform its corporate landscape by demanding more shareholder accountability, Nicholas Takahashi of Bloomberg reports. While the $42B take-private attempt is being supported by investors, the potential move may mark a retreat in Toyota Group’s attempt to unwind cross-shareholdings and appoint more independent directors.

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