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  "documentTitle": "Toyota Industries Corporation (6201)",
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      "text": "Tendering into the Revised TOB will lead to the worst outcome. By not tendering, minority shareholders can capture more of TICO's intrinsic value through either a revised deal price or the Standalone Plan",
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      "text": "share price: ¥40,000",
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      "text": "Source: Company Materials. Note: (1) Market data as of January 16, 2026.",
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      "text": "Tendering into the Revised TOB will lead to the worst outcome. By not tendering, minority shareholders can capture more of TICO's intrinsic value through either a revised deal price or the Standalone Plan",
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      "text": "Comparison of three options: Tender, Sell in Market, Do Not Tender",
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      "text": "Not Tendering is the Best Option for Shareholders",
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