### Toyota Industries Receives Offer to Go Private in $33 Billion Deal

Toyota Industries has announced it is considering a $33 billion offer to transition the company from public to private ownership. This strategic move is anticipated to strengthen the control of the founding family over Japan's largest business conglomerate.

The proposal outlines a tender offer priced at ¥16,300 per share, which is approximately 11% below Toyota Industries' closing price on Tuesday. In total, the acquisition by the Toyota Group is estimated at around ¥4.7 trillion ($32.9 billion), according to a company spokesperson.

As part of the privatization process, a new holding company will be formed to manage Toyota Industries. The investment structure for the holding company includes ¥180 billion from Toyoda Fudosan and ¥700 billion from Toyota Motor, contributed as nonvoting preferred shares. Additionally, Toyota Motor Chairman Akio Toyoda will personally invest ¥1 billion in this venture.

This move signifies a substantial reorganization within the Toyota Group, with significant financial backing from various arms of the conglomerate, reinforcing the drive toward more centralized family control.