UPDATE 2-Toyota Motor affiliate to buy Tomen for $1.55 bln

Newswire

(Adds background) TOKYO, Oct 28 (Reuters) - Toyota Tsusho Corp. , a trading affiliate of Toyota Motor Corp. , will buy Tomen Corp. for about 178.5 billion yen ($1.55 billion), creating Japan's sixth-largest trading firm. Under the deal announced by Toyota Tsusho and Tomen on Friday, one Tomen share would be swapped for 0.069 share in Toyota Tsusho -- a 38 percent discount to Tomen's closing price on Friday. The offer excludes the 19.7 percent stake in Tomen that Toyota Tsusho already ...

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