Feb
28
The merger of Kirin and Suntory has burst
Kirin and Suntory failed to agree on a merger that was announced on Monday. The two breweries had been negotiating since July 2009 on a merger, however, remained divergent views regarding the merger ratio and the role of the founding family of Suntory.”We have continued the conversation, because we were convinced that a merger would make an important contribution to the highly competitive world market to exist,” said Kazuyasu Kato, president of Kirin, after the failure of the negotiations.
