Toyota plans to hike offer price for group firm TICO, extend deadline again

By Reuters   |   11 hours ago
Toyota plans to hike offer price for group firm TICO, extend deadline again

TOKYO, March 2 (Reuters) - Toyota plans to raise its tender offer price for group firm Toyota Industries, or TICO, to 20,600 yen ($132) per share under certain conditions and extend the deadline again for the offer to March 16, a filing showed on Monday.

The Japanese automaker had previously offered 18,800 yen per share for the forklift maker. The tender offer had been set to close on Monday. 

($1 = 156.5900 yen)

(Reporting by Daniel Leussink and David Dolan; Editing by Himani Sarkar)

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