Toyota says deal to take key supplier private delayed to February or later

TOKYO: Toyota Motor said on Monday that its tender offer for forklift maker Toyota Industries is now likely to begin in February or later, pushing back a previously expected early December launch.

The Toyota group had said in June that Toyota Industries would be taken private through a holding company into which Toyota Motor, Toyota Fudosan and Toyota chairman Akio Toyoda would invest, and that the tender offer would start after receiving regulatory approval.