Quote:
Originally Posted by Sasquachulator
If they don't merge, perhaps Subaru just eventually becomes another subsidiary of Toyota? Like Daihatsu, Hino and Aisin?
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Toyota's been the largest shareholder of Subaru for a while now.
https://www.subaru.co.jp/en/ir/stock/quote.html
I'm speculating that this announcement is a step towards Toyota acquiring more shares of Subaru (i.e. issuing more common or preferred stock), but not as a majority shareholder. Most of the other investors in Subaru are financial institutions, so it would have to be an outright buyout of them if no additional shares are issued.
There's no financial incentive to merge if you can just work more closely on R&D/manufacturing to reduce cost.