Insider: Elliott makes overtures to shareholders supporting Toyota Industries' acquisition.

Two well-informed sources said that Elliott Management has offered to purchase shares of Toyota Industries from shareholders who have agreed to the tender offer at a price close to market price. The American activist investor claimed that the tender offer undervalues the forklift manufacturer. Elliott has been in contact with shareholders supporting the privatization offer of the Toyota Group, including suppliers and financial institutions, who requested anonymity as the information has not been made public.