Archion announced on the 15th that it has set the indicative price range for the share sale by Toyota Motor and Daimler Truck at 250 to 300 yen per share. The final price will be determined on a day between the 22nd and the 27th, and will not exceed the closing price on the Tokyo Stock Exchange multiplied by 0.95. Earlier this month, Archion announced a share sale of up to approximately 906.03 million shares, comprising 425.44 million shares domestically, 362.41 million shares overseas, and an additional sale of up to 118.17 million shares depending on demand. The company is a holding company established through the business integration of Hino Motors and Mitsubishi Fuso Truck and Bus, and listed on the Tokyo Stock Exchange Prime Market in April.
Toyota Motor Corp.
Daimler Truck Holding AGARCHION CorporationArchion's share sale at a discount (price range below market) and the final price capped at 0.95x closing price is dilutive and negative for existing shareholders.