October 22, 2012 / 1:35 PM / 5 years ago

Toyota Industries to buy Cascade for $728 mln

Oct 22 (Reuters) - Japanese machinery maker Toyota Industries Corp agreed to buy Cascade Corp, a maker of parts for the lift trucks industry, for $728 million.

Toyota’s offer of $65 per share represents a premium of 18 percent to Cascade’s closing price on Friday.

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