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Kawasaki Heavy Industries Ltd and Mitsui Engineering & Shipbuilding Co Ltd To Start Merger Talks-Reuters


Sunday, 21 Apr 2013 10:41pm EDT 

Reuters reported that Kawasaki Heavy Industries Ltd and Mitsui Engineering & Shipbuilding Co Ltd will begin talks on a possible merger, although as it is unclear whether the two Japanese heavy machinery makers can overcome internal reticence about a union. The companies have sought out financial advisors to help with a merger, without formally appointing any. At the earliest a merger could happen during the next business year from April 1, 2014. 

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