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Nissan to Suspend Merger Talks with Honda
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Nissan Motor and Honda Motor failed to reach a consensus on the terms of the deal, according to Japanese media. Therefore, Nissan Motor will suspend merger talks with Honda Motor. Nissan Motor will withdraw the memorandum of understanding (MOU) signed on December 2024 regarding business integration talks, the report added. The decision was made because the two companies could not agree on the valuation of each party under a holding company. Nissan also rejected Honda's proposal to make it a subsidiary. Nissan's share price faded over 4.5%, while Honda shot up over 8% after reports that the merger was canceled. AAStocks Financial News |
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