<p><em>豐田不動產的收購要約嚴重低估了公司</em></p>
<p><em>Elliott 不打算以當前條款向修訂後的收購要約投標，並強烈鼓勵其他股東不要投標</em></p>
<p>, /PRNewswire/ -- Elliott Investment Management L.P. 和 Elliott Advisors (UK) Limited（&#34;Elliott&#34;），為對豐田工業株式會社（&#34;豐田工業&#34;或&#34;公司&#34;）有重大投資的基金提供建議，並且是公司的最大獨立股東，今天發佈了以下聲明：</p>
<p>Elliott 注意到豐田不動產株式會社（&#34;豐田不動產&#34;）的關聯公司今天發佈的非約束性聲明。Elliott 堅持認為，豐田不動產以每股¥18,800 的修訂收購要約（&#34;修訂後的收購要約&#34;）嚴重低估了豐田工業，正如 Elliott 在其公開材料中所展示的那樣。Elliott 繼續強烈反對豐田不動產聲稱的修訂收購要約價格&#34; <em>反映了目標公司的內在價值</em>&#34;。</p>
<p>Elliott 不打算以當前條款向修訂後的收購要約投標，並強烈鼓勵其他股東不要投標。</p>
<p>Elliott 之前發佈的公開材料可以在 https://elliottletters.com 找到。</p>
<p><strong>關於 Elliott</strong></p>
<p>截至 2025 年 6 月 30 日，Elliott Investment Management L.P.（連同其附屬公司，&#34;Elliott&#34;）管理的資產約為 761 億美元。成立於 1977 年，是持續管理下最古老的基金之一。Elliott 基金的投資者包括養老金計劃、主權財富基金、捐贈基金、基金會、基金中的基金、高淨值個人和家庭，以及公司的員工。Elliott Advisors (UK) Limited 是 Elliott Investment Management L.P.的附屬公司。</p>
<p><strong>投資者聯繫方式：</strong></p>
<p>Okapi Partners LLC</p>
<p><strong>紐約</strong>: Pat McHugh</p>
<p>T:+1 212 297 0720</p>
<p>免費電話: (877) 629-6357</p>
<p><strong>倫敦</strong>: Christian Jacques</p>
<p>T: +44 20 3031 6613</p>
<p>[email protected]</p>
<p><strong>媒體聯繫方式：</strong></p>
<p><strong>倫敦</strong> Stijn van de Grampel</p>
<p>Elliott Advisors (UK) Limited</p>
<p>T: +44 20 3009 1061</p>
<p>[email protected]</p>
<p><strong>紐約</strong> Stephen Spruiell</p>
<p>Elliott Investment Management L.P.</p>
<p>T: +1 (212) 478-2017</p>
<p>[email protected]</p>
<p><strong>東京</strong> Brett Wallbutton</p>
<p>Ashton Consulting</p>
<p>T: +81 (0) 3 5425-7220</p>
<p>[email protected]</p>
<p>來源 Elliott Investment Management L.P.</p>
<p><img src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjYwMjAyJk5ld3NJdGVtSWQ9Tlk3Njg2NCZUcmFuc21pc3Npb25fSWQ9MjAyNjAyMDIxODQ1UFJfTkVXU19VU1BSX19fX19OWTc2ODY0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjYwMjAyJk5ld3NJdGVtSWQ9Tlk3Njg2NCZUcmFuc21pc3Npb25fSWQ9MjAyNjAyMDIxODQ1UFJfTkVXU19VU1BSX19fX19OWTc2ODY0"/></p>

6201

豐田汽車

豐田(ADR)

<p>埃利奧特投資管理公司是豐田工業公司的最大獨立股東，已發表聲明反對豐田不動產修訂後的每股 18,800 日元的收購要約，稱該要約顯著低估了公司價值。埃利奧特鼓勵其他股東在當前條款下不要出售他們的股份，聲稱該要約並未反映豐田工業的內在價值。截至 2025 年 6 月 30 日，埃利奧特管理的資產約為 761 億美元</p>

<p><em>Toyota Fudosan's tender offer drastically undervalues the Company</em></p>
<div class="lb-trans"><p><em>豐田不動產的收購要約嚴重低估了公司</em></p>
</div><p><em>Elliott does not intend to tender its shares into the Revised TOB at the current terms and strongly encourages other shareholders not to tender</em></p>
<div class="lb-trans"><p><em>Elliott 不打算以當前條款向修訂後的收購要約投標，並強烈鼓勵其他股東不要投標</em></p>
</div><p>, /PRNewswire/ -- Elliott Investment Management L.P. and Elliott Advisors (UK) Limited (&#34;Elliott&#34;), which advise funds that together have a significant investment in Toyota Industries Corporation (&#34;Toyota Industries&#34; or the &#34;Company&#34;) and are the Company's largest independent shareholder, today issued the following statement:</p>
<div class="lb-trans"><p>, /PRNewswire/ -- Elliott Investment Management L.P. 和 Elliott Advisors (UK) Limited（&#34;Elliott&#34;），為對豐田工業株式會社（&#34;豐田工業&#34;或&#34;公司&#34;）有重大投資的基金提供建議，並且是公司的最大獨立股東，今天發佈了以下聲明：</p>
</div><p>Elliott notes the non-binding statement issued today by an affiliate of Toyota Fudosan Co., Ltd. (&#34;Toyota Fudosan&#34;). Elliott maintains its position that the revised tender offer by Toyota Fudosan at ¥18,800 per share (the &#34;Revised TOB&#34;) very significantly undervalues Toyota Industries, as Elliott demonstrates in its public materials. Elliott continues to strongly disagree with Toyota Fudosan's assertion that the Revised TOB price &#34; <em>reflects the intrinsic value of the Target Company</em>&#34;.</p>
<div class="lb-trans"><p>Elliott 注意到豐田不動產株式會社（&#34;豐田不動產&#34;）的關聯公司今天發佈的非約束性聲明。Elliott 堅持認為，豐田不動產以每股¥18,800 的修訂收購要約（&#34;修訂後的收購要約&#34;）嚴重低估了豐田工業，正如 Elliott 在其公開材料中所展示的那樣。Elliott 繼續強烈反對豐田不動產聲稱的修訂收購要約價格&#34; <em>反映了目標公司的內在價值</em>&#34;。</p>
</div><p>Elliott does not intend to tender its shares into the Revised TOB at the current terms and strongly encourages other shareholders not to tender.</p>
<div class="lb-trans"><p>Elliott 不打算以當前條款向修訂後的收購要約投標，並強烈鼓勵其他股東不要投標。</p>
</div><p>Elliott's previously released public materials can be found at https://elliottletters.com.</p>
<div class="lb-trans"><p>Elliott 之前發佈的公開材料可以在 https://elliottletters.com 找到。</p>
</div><p><strong>About Elliott</strong></p>
<div class="lb-trans"><p><strong>關於 Elliott</strong></p>
</div><p>Elliott Investment Management L.P. (together with its affiliates, &#34;Elliott&#34;) manages approximately $76.1 billion of assets as of June 30, 2025. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm. Elliott Advisors (UK) Limited is an affiliate of Elliott Investment Management L.P.</p>
<div class="lb-trans"><p>截至 2025 年 6 月 30 日，Elliott Investment Management L.P.（連同其附屬公司，&#34;Elliott&#34;）管理的資產約為 761 億美元。成立於 1977 年，是持續管理下最古老的基金之一。Elliott 基金的投資者包括養老金計劃、主權財富基金、捐贈基金、基金會、基金中的基金、高淨值個人和家庭，以及公司的員工。Elliott Advisors (UK) Limited 是 Elliott Investment Management L.P.的附屬公司。</p>
</div><p><strong>Investor Contacts:</strong></p>
<div class="lb-trans"><p><strong>投資者聯繫方式：</strong></p>
</div><p>Okapi Partners LLC</p>
<div class="lb-trans"><p>Okapi Partners LLC</p>
</div><p><strong>New York</strong>: Pat McHugh</p>
<div class="lb-trans"><p><strong>紐約</strong>: Pat McHugh</p>
</div><p>T:+1 212 297 0720</p>
<div class="lb-trans"><p>T:+1 212 297 0720</p>
</div><p>Toll Free: (877) 629-6357</p>
<div class="lb-trans"><p>免費電話: (877) 629-6357</p>
</div><p><strong>London</strong>: Christian Jacques</p>
<div class="lb-trans"><p><strong>倫敦</strong>: Christian Jacques</p>
</div><p>T: +44 20 3031 6613</p>
<div class="lb-trans"><p>T: +44 20 3031 6613</p>
</div><p>[email protected]</p>
<div class="lb-trans"><p>[email protected]</p>
</div><p><strong>Media Contacts:</strong></p>
<div class="lb-trans"><p><strong>媒體聯繫方式：</strong></p>
</div><p><strong>London</strong> Stijn van de Grampel</p>
<div class="lb-trans"><p><strong>倫敦</strong> Stijn van de Grampel</p>
</div><p>Elliott Advisors (UK) Limited</p>
<div class="lb-trans"><p>Elliott Advisors (UK) Limited</p>
</div><p>T: +44 20 3009 1061</p>
<div class="lb-trans"><p>T: +44 20 3009 1061</p>
</div><p>[email protected]</p>
<div class="lb-trans"><p>[email protected]</p>
</div><p><strong>New York</strong> Stephen Spruiell</p>
<div class="lb-trans"><p><strong>紐約</strong> Stephen Spruiell</p>
</div><p>Elliott Investment Management L.P.</p>
<div class="lb-trans"><p>Elliott Investment Management L.P.</p>
</div><p>T: +1 (212) 478-2017</p>
<div class="lb-trans"><p>T: +1 (212) 478-2017</p>
</div><p>[email protected]</p>
<div class="lb-trans"><p>[email protected]</p>
</div><p><strong>Tokyo</strong> Brett Wallbutton</p>
<div class="lb-trans"><p><strong>東京</strong> Brett Wallbutton</p>
</div><p>Ashton Consulting</p>
<div class="lb-trans"><p>Ashton Consulting</p>
</div><p>T: +81 (0) 3 5425-7220</p>
<div class="lb-trans"><p>T: +81 (0) 3 5425-7220</p>
</div><p>[email protected]</p>
<div class="lb-trans"><p>[email protected]</p>
</div><p>SOURCE Elliott Investment Management L.P.</p>
<div class="lb-trans"><p>來源 Elliott Investment Management L.P.</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjYwMjAyJk5ld3NJdGVtSWQ9Tlk3Njg2NCZUcmFuc21pc3Npb25fSWQ9MjAyNjAyMDIxODQ1UFJfTkVXU19VU1BSX19fX19OWTc2ODY0" alt="" original-src="https://rt.prnewswire.com/rt.gif?NewsItemId=NY76864&amp;Transmission_Id=202602021845PR_NEWS_USPR_____NY76864&amp;DateId=20260202"/></p>

18:45 ET
			
			
				Elliott Management Statement on Toyota Industries Corporation

- Elliott 稱 Toyota Fudosan 的收購要約大幅低估了豐田工業的價值。
- Elliott 不打算根據當前條款將其股份提交給修訂後的收購要約。
- Elliott 強烈鼓勵其他股東也不要參與本次收購。

Elliott Management 關於豐田工業公司的聲明