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Toyota Motor Corporation Message Board

  • sam_0534 sam_0534 Oct 22, 2012 9:37 AM Flag

    TM news today

    Toyota Industries to buy Cascade for $728 mln 10/22 06:33 AM

    Oct 22 (Reuters) - Japanese machinery maker Toyota Industries Corp (TYIDF:$28.70,00$0.20,000.70%) agreed to buy Cascade Corp (CASC:$65.00,00$9.92,0018.01%) , a maker of parts for the lift trucks industry, for $728 million.
    Toyota's offer of $65 per share represents a premium of 18 percent to Cascade's closing price on Friday. (Reporting by Mridhula Raghavan in Bangalore; Editing by Sriraj Kalluvila)

    Get more news on:SYMBOLS: TYIDF, CASCNEWS TYPE: Corporate Events, Corporate Events: Mergers and AcquisitionsSECTORS: Consumer Discretionary, Automobiles, Auto Components, Industrials, Machinery, Materials, Metals and Mining

    Sentiment: Strong Buy

118.76-0.67(-0.56%)Sep 19 4:02 PMEDT

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