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International Business Times
International Business Times
Business

Nissan Shares Plunge As Report Says Honda Merger Talks Off

Nissan shares plunged after Japan's Nikkei business daily said the carmaker had decided to withdraw from merger talks with rival Honda (Credit: AFP)

Nissan shares plunged on Wednesday after Japan's Nikkei business daily said the carmaker had decided to withdraw from merger talks with rival Honda.

The newspaper and other Japanese media had earlier reported that Honda had proposed making Nissan a subsidiary, instead of the previous plan to integrate under a new holding company.

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