By Kosaku Narioka
Toyota Industries said the real-estate arm of Toyota group will become its parent company following a successful tender offer.
The Japanese forklift maker said Tuesday that Toyota Fudosan will hold a 63.6% stake in the company.
Toyota Industries said it will be delisted after Toyota Fudosan takes a series of steps to squeeze out all shareholders other than itself and Toyota Motor, another major shareholder.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
03-24-26 0342ET
