February 09, 2010

Kirin, Suntory breaks off merger talks (2)

News release from Suntory:
Though Suntory Holdings Limited had been in discussion with Kirin Holdings Company, Limited toward integration of businesses, Suntory hereby announces that Suntory has terminated our negotiation with Kirin. Suntory decided on terminating the negotiation because while Suntory has studied what the integrated new company should be, Suntory acknowledged a discrepancy of understandings between the two companies including the integration ratio and considered it difficult to realize the desired new integrated company Suntory is seeking.

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