TOKYO (Nikkei)--Softbank Corp. (9984) has come closer than ever to acquiring U.S. mobile carrier Sprint Nextel Corp., a development to be followed by a full-fledged push into the American market.
TOKYO (Nikkei)--Mitsubishi Heavy Industries Ltd. (7011) has long stayed aloof from moves in the industry to consolidate, but the news that Kawasaki Heavy Industries Ltd. (7012) called off a merger with Mitsui Engineering & Shipbuilding Co. (7003) may jolt the industry leader into a rethink.
TOKYO (Nikkei)--The board of directors at Kawasaki Heavy Industries Ltd. (7012) fired President Satoshi Hasegawa and scuttled merger talks with Mitsui Engineering & Shipbuilding Co. (7003), raising a number of questions concerning the company's M&A procedures and corporate governance.
TOKYO (Nikkei)--Mitsui Engineering & Shipbuilding Co. (7003) President Yasuhiko Kato said Tuesday he was disappointed that Kawasaki Heavy Industries Ltd. (7012) called off their integration negotiations.
TOKYO (Nikkei)--Kawasaki Heavy Industries Ltd.'s (7012) plan to merge with Mitsui Engineering & Shipbuilding Co. (7003) was derailed by a boardroom revolt against its president, Satoshi Hasegawa, who had been pressing for the consolidation despite opposition within the company.
