Brief: Honda CEO Mibe - Became Aware That Realising Integration Would Require Making Decision That Would Incur Pain Swiftly

Foxconn Technology

13/02/2025 08:15

Feb 13 (Reuters) - Nissan Motor Co Ltd  7201.T :
    * HONDA CEO MIBE:  BECAME AWARE THAT REALISING INTEGRATION
WOULD
REQUIRE MAKING DECISION THAT WOULD INCUR PAIN SWIFTLY
    * HONDA CEO MIBE:  WE WERE AWARE OF POSSIBILITIES THAT
TIE-UP DEAL
COULD BE SCRAPPED
    * HONDA CEO MIBE:  BUT WHAT WAS MORE FEARFUL WAS WE WOULD BE
IN
MUCH SERIOUS SITUATION IF INTEGRATION WITH NISSAN DID NOT MAKE
PROGRESS
    * HONDA CEO MIBE:  IT IS UNTRUE THAT WE PRESENTED SPECIFIC
EQUITY
SWAP RATIO
    * HONDA CEO MIBE:  INTEGRATING THROUGH STOCK SWAP WOULD HAVE
ENABLED US TO ESTABLISH A SINGLE GOVERNANCE STRUCTURE QUICKLY
    * HONDA CEO MIBE:  IT IS DEEPLY DISAPPOINTING WE WERE UNABLE
TO
REACH AGREEMENT
    * HONDA CEO MIBE:  WILL TRY TO MAXIMIZE SYNERGY WITH NISSAN
BASED
ON PARTNERSHIP AGREED TO LAST AUGUST
    * HONDA CEO MIBE: HAVEN'T THOUGHT ABOUT LAUNCHING HOSTILE
TAKEOVER
BID FOR NISSAN, NO PLAN TO DO SO IN THE FUTURE
    * HONDA CEO MIBE:  HAVEN'T HAD DISCUSSIONS WITH FOXCONN
REGARDING
TIE-UP
    * HONDA CEO MIBE:  THERE WAS NO INVOLVEMENT FROM GOVERNMENT
ON
TIE-UP TALKS
    * HONDA CEO MIBE SAYS STRATEGIC PARTNERSHIP BETWEEN HONDA,
NISSAN
AND MITSUBISHI MOTORS WOULD BRING A CERTAIN DEGREE OF MERIT ON
SCALE

Source text:  ID: 
Further company coverage:  7201.T 

 (Reporting by Satoshi Sugiyama)
 ((Satoshi.Sugiyama@thomsonreuters.com;))