Toyota Tsusho to Buy 51% of Elematec in Tender Offer

Toyota Tsusho Corp. (8015) plans to acquire a 51 percent stake in Elematec Corp. (2715) through a tender offer.

Toyota Tsusho plans to offer 1,540 yen for each Elematec share, according to a statement to the Tokyo Stock Exchange today.

To contact the reporter on this story: Go Onomitsu in Tokyo at gonomitsu@bloomberg.net

To contact the editor responsible for this story: Gearoid Reidy at greidy1@bloomberg.net

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