LONDON — Minority shareholders are set to lose out on Toyota group’s bid for Toyota Industries because the tender offer is at a “really low price,” according to the co-founder of British investment firm Zennor Asset Management.
“Toyota Motor is getting a different deal, a much better deal, than other shareholders,” said David Mitchinson, a founding partner at Zennor, which hold shares in Toyota Industries. “What they’re getting out of this deal is quite different than what minority shareholders are receiving.”
