Toyota Industries buyout is undervalued: UK asset manager

Zennor co-founder David Mitchinson says tender offer should be 20% higher

20250604N Toyota logos

Toyota Industries has agreed to Toyota Motor's buyout, the companies said on June 3. (Source photos by Nikkei)

KOHEI ONISHI

LONDON -- Minority shareholders are set to lose out on Toyota group's bid for Toyota Industries because the tender offer is at a "really low price," according to the co-founder of British investment firm Zennor Asset Management.

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