Toyota Industries ADR soars in response to reports of Akio Toyoda's acquisition plan.

Toyota Industries, listed in the United States, saw its stock price soar by 29% last Friday, marking the largest increase in history. It was reported earlier that Akio Toyoda, Chairman of Toyota Motor Corporation, proposed to acquire the company. According to sources familiar with the matter, Akio Toyoda's plan values Toyota Industries, a car parts manufacturer, at 6 trillion yen. Toyota Industries holds a 9.1% stake in Toyota Motor Corporation.