A PYMNTS Company

Japan: Toyota extends acquisition offer as authorities continue review

By  |  March 8, 2013

Toyota Industries Corporation of Tokyo, Japan has announced that its subsidiary, Industrial Components and Attachments II, Inc., has extended its tender offer to buy all outstanding Cascade Corporation shares for $65 a share. The offer was originally due to expire at midnight last Thursday, but has now been extended until Wednesday, March 27. The revised timeline comes after the Antitrust Division of the Department of Justice has requested further information on the acquisition, and as such Toyota agreed not to close the transaction until at least 30 days after providing the information without the Antitrust Division’s consent. The Division continues to review the deal.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    Full Content: 4-Traders

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.