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Toyoda Gosei Co., Ltd. has resolved to start a tender offer to acquire all shares of Ashimori Industry Co., Ltd., aiming to make it a wholly owned subsidiary. The move is intended to accelerate growth in the automotive safety systems business.
“Toyoda Gosei Co., Ltd. has resolved to acquire common shares and share acquisition rights of Ashimori Industry Co., Ltd., with the aim of making it a wholly owned subsidiary of Toyoda Gosei.”toyoda-gosei.com
Summarized from public sources; check the original articles before acting on it.