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Investing.com -- The business integration negotiations between Honda (NYSE:HMC) and Nissan Motor Co., Ltd. (TYO:7201) may come to an end, according to several officials who spoke to Japanese news outlet, Ashai Shimbun. They revealed that both companies are set to hold individual board meetings to deliberate on the discontinuation of the merger discussions.
The decision to continue or halt the integration talks was initially planned for the end of January. However, the verdict was delayed to mid-February due to setbacks in the development of Nissan (OTC:NSANY)’s restructuring plan.
The officials also disclosed that Honda had proposed to make Nissan a subsidiary, as the discussions were not advancing as anticipated. This proposition was reportedly strongly rejected by Nissan.
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