Toyota Industries' stock price surged after reportedly considering accepting a takeover offer from Toyota Motor Corporation.

According to the CITIC Financial APP, Toyota Motor Corporation's stock price surged 9% in early trading in Tokyo, marking its largest increase since April 28th. Prior reports indicated that the company would accept a takeover offer led by Toyota Motor Corporation (TM.US) chairman Akio Toyoda. The takeover offer is expected to be announced in May or June. It was reported on Tuesday morning that Toyota Motor Corporation and its group companies are considering borrowing up to 3 trillion yen (210 billion USD) to fund this transaction. Toyota Motor Corporation's stock price briefly rose 2.4% in early trading in Tokyo.