Toyota Motor group company raises offer for Toyota Industries by 15%

Toyota Motor group company Denso will raise its tender offer price for group firm Toyota Industries to 18,800 yen ($118.11) per share as part of its plan to take the forklift maker private, it said on Wednesday.

The Japanese automaker had previously offered 16,300 yen per share in a deal announced in June.

The tender offer will run from January 15 to February 12, Denso said.