Toyota and Daimler Truck to Sell Down to 25% Each of Truck Maker ARCHION
The catch: Toyota and Daimler Truck are both cutting their ARCHION stakes to 25%, but Toyota's voting rights fall further, to 19.9%, ending its status as an affiliated company, while Daimler Truck keeps 26.7% of the vote. Pricing on the up-to-906-million-share sale is set between July 22 and July 27.