Toyota to launch $5.16 bln tender offer for own shares

MS&AD Insurance group

23/07/2024 07:53

TOKYO, July 23 (Reuters) - Toyota Motor  7203.T  said on
Tuesday it would launch an 807 billion yen ($5.16 billion)
tender offer for its own shares.
    Toyota will offer 2,781 yen per share from July 24 to Aug.
26, the company said in a statement.
    Separately, Sumitomo Mitsui Financial Group  8316.T , Tokio
Marine Holdings  8766.T  and MS&AD Insurance Group  8725.T  said
they would sell back Toyota shares to the automaker. 

($1 = 156.4700 yen)

 (Reporting by Rocky Swift; Editing by Christopher Cushing)
 ((rocky.swift@thomsonreuters.com;))