Toyota Industries accepts buyout bid by group companies

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TOKYO – Toyota Industries, a key parts supplier to Toyota Motor, has accepted a takeover bid by companies in the group that are set to pay 3.7 trillion yen ($26bn) to take the company private.
Toyota Motor Chairman Akio Toyoda is joining the buyout of the company that was founded by his great-grandfather and makes products ranging from forklifts to automotive engines.

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