Misawa says Toyota, others to take 33.4 pct stake

Newswire

TOKYO, Dec 28 (Reuters) - Japan's Misawa Homes Holdings Inc. said on Tuesday Toyota Motor Corp. and others would take a 33.4 percent stake in the troubled home builder. Earlier, the state-backed Industrial Revitalization Corp. of Japan said it would ask banks for 140 billion yen ($1.36 billion) in aid for Misawa as part of a rehabilitation plan. Toyota said separately that it and probably one financial sponsor would jointly invest in Misawa and that Toyota was thinking of taking a stake ...

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