JAPAN: Toyota Machine Works to pay 11.25 billion yen for Bosch differential gear operations - report
Toyoda Machine Works said on Monday it will pay around 11.25 billion yen for the differential gear operations of Bosch Automotive Systems Corp. that it has agreed to buy, Dow Jones reported. The final purchase price will be set on Aug. 31, when the operation will be transferred to Toyoda Machine, it reportedly said. Toyoda and Bosch Automotive agreed on the business transfer in late July, the news agency noted.
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