Japanese giant Toyota Industries will decide on Tuesday whether to accept a tender offer to take the organization private.
Several media outlets reported that the firm would accept a $42 billion bid from Toyota Motor and other group companies.
Toyota Motor is set to decide on a plan to acquire Toyota Industries, denying misleading media reports that included a purchase price of more than 6 trillion won ($42 billion).
Toyota Industries shares were little changed on the report, up 0.4%, while Toyota Motor fell 1.0%.
The Japanese company has drawn the attention of market regulators and investors to its stakes and business partners that have prompted a surge in management buyouts and takeovers.
Toyota Motor also said in April it was considering buying Toyota Industries, which it said would help improve corporate governance at the Toyota group.
Toyota owned 24% of Toyota Industries as of September last year, while Toyota Industries held 9% of the world's largest automaker and more than 5% of Denso.
