Date: | --/--/-- --:--:-- |
Event Id: | E564N3O8T |
Action Type: | MERGER |
Action Status: | PROPOSED |
Acquirer Symbol: | |
Target Symbol: | 8058.JP |
Updated: | --/--/-- --:--:-- |
Purchase Price Per Share: | |
Price Per Share Currency: | |
News References: | https://global.honda/en/investors/library/filings/filings2024122302/main/0/link/CY2024_20241223_TSEfling_e_2.pdf |
Action Notes
Nissan Motor Co., Ltd. ("Nissan"), Honda Motor Co., Ltd. ("Honda"), and Mitsubishi Motors Corporation ("Mitsubishi Motors") have signed a memorandum of understanding (MOU) to explore the possibility of Mitsubishi Motors' participation, involvement, and synergy sharing in relation to the business integration through the establishment of a joint holding company outlined in an MOU signed between Nissan and Honda.The aim is to have a formal merger agreement by June and to complete the deal and list the holding company on the Tokyo Stock Exchange by August 2026, he said.