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Toyota to buy out rest of Daihatsu for 389b yen in stock

The small-car maker will stop trading on July 26 and delist the next day

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TOYOTA Motor Corp will buy out its Daihatsu Motor Co unit for about 389 billion yen (US$3.2 billion) in stock, making a key unit for small cars sold in Southeast Asia and Japan a wholly owned subsidiary.

Tokyo

TOYOTA Motor Corp will buy out its Daihatsu Motor Co unit for about 389 billion yen (US$3.2 billion) in stock, making a key unit for small cars sold in Southeast Asia and Japan a wholly owned subsidiary.

The world's largest carmaker expects to offer 0.26 share for each share