US EditionNissan to Reject Honda’s Merger Terms, Putting Deal in Peril
- Nissan Motor is set to reject Honda Motor's acquisition offer that would make it a subsidiary of Honda.
- A board meeting is planned for February 5, where Nissan will likely vote against Honda's proposal.
- Nissan is opposed to Honda's control of its management, as stated by a Nissan executive.
- Differences between Nissan and Honda have become clear as the talks progress.
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75 Articles
Fox Business
smallbizsage.comNissan, Honda respond to reports of potential merger being scrapped
Nissan and Honda responded on Wednesday to reports that a potential merger of the companies could be at risk of being abandoned.The Wall Street Journal, citing people familiar with the matter, reported that Nissan was weighing backing out of the memorandum of understanding with Honda and other options after the company found terms put forward by Honda to be "unacceptable." Nissan planned to reject an idea Honda had of Nissan being one of its sub…
Due to the tough competition in electric vehicles, Japan's second and third largest car manufacturers are planning a merger. But there seem to be more than just problems with the valuation of the two companies.
Actually Nissan and Honda wanted to merge into the third largest car company in the world. But the two companies probably don't fit together so well.
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