Kirin Suntory Merger Talks Collapse

The planned merger between Japanese brewing giants Kirin and Suntory has collapsed after the two companies failed to reach a compromise on merger ratios and planned governance of the merged entity. Missing out on the opportunity to create a global beverage industry giant on the scale of US soft drinks behemoth PepsiCo, Kirin's share price tumbled, dropping 7.3% to close at JPY1,337 (US$14.91) on February 8. Both Kirin and its target partner Suntory reiterated their commitment to future expansion via mergers and acquisitions after the breakdown of talks, and yet as individual entities both companies will have to be more

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