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Toyota Industries shares set to surge on potential buyout by Toyota Motor

Date: Apr 28, 2025

Shares of Toyota Industries, opens new tab were set for biggest daily jump on record on Monday after Japanese automaker Toyota, opens new tab said it was considering potential buyout of key parts supplier, which has a market value of $28 billion.

Toyota Industries shares remained untraded with a glut of buy orders on Monday.

The bid and ask indicated that their price was poised to hit the daily upper limit of 23%.

The stock had remained untraded for most of the day as bids to buy outnumbered offers to sell.

Toyotaotor shares rose as much as 5.2
--Reuters--