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National NewsKirin-Suntory tie-up talks break downKirin Holdings Co. and Suntory Holdings Ltd. said Feb. 8 their tie-up negotiations failed because they could not agree on the merger ratio. Suntory President Nobutada Saji said the talks, first revealed last July, were canceled due to differences over the merger ratio. Suntory's founding family owns about 90 percent of the firm, and the merger ratio was a key factor in the conclusion of the talks. (The Japan Times)
Shukan ST: February 19, 2010 (C) All rights reserved |