Elliott said to challenge Toyota Industries’ privatization price as it builds stake

* Elliott Investment Management has been building a significant stake in Toyota Industries (OTCPK:TYIDY [https://seekingalpha.com/symbol/TYIDY]) and has told the Toyota group company that its proposed privatization price is too low, _Bloomberg News_ reported, citing people familiar with the matter.
* Toyota Industries disclosed in a filing on Tuesday that Elliott had a 3.26% stake as of Sept. 30, making it one of the manufacturer’s biggest shareholders.
* That has since increased to almost 5%, the report said.
* Elliott has shared its views with Toyota Industries management that the ¥16,300 per share buyout offer is too low, and suggested other options for the deal.
* Toyota Industries' (OTCPK:TYIDY [https://seekingalpha.com/symbol/TYIDY]) Tokyo-listed shares were trading 2% higher on Tuesday.

MORE ON TOYOTA INDUSTRIES

* Toyota Industries Corporation 2026 Q1 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4815535-toyota-industries-corporation-2026-q1-results-earnings-call-presentation]
* Toyota Industries reports Q2 results [https://seekingalpha.com/news/4514665-toyota-industries-reports-q2-results]
* Toyota's August sales climb on robust demand from the U.S. [https://seekingalpha.com/news/4499696-toyotas-august-sales-climb-on-robust-demand-china-and-north-america]
* Seeking Alpha’s Quant Rating on Toyota Industries [https://seekingalpha.com/symbol/TYIDY/ratings/quant-ratings]
* Historical earnings data for Toyota Industries [https://seekingalpha.com/symbol/TYIDY/earnings]