Toyota Industries $33 Billion Buyout Faces Investor Criticism Over Discounted Price

The Toyota group’s proposal to privatize Toyota Industries Corp. is drawing criticism from investors and analysts, who argue the ¥4.7 trillion ($33 billion) deal significantly undervalues the company.

The planned tender offer of ¥16,300 per share from a group led by Toyota Motor Corp.’s Chairman Akio Toyoda represents an 11% discount to Tuesday’s closing price for the maker of textile looms, forklifts and car components.