Toyota Industries Completes AICHI Share Repurchase; AICHI to Exit as Subsidiary
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Toyota Industries has completed a share repurchase of its subsidiary, AICHI CORPORATION, a mechanized vehicle manufacturer. The tender offer, which ran from March 21 to April 17, involved Toyota Industries tendering 40.5 million shares, with AICHI purchasing 9.1 million shares. AICHI will officially exit as a subsidiary of Toyota Industries on May 14, concluding the settlement process.
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