News Headline Summary

Hitachi Metals (5486 JT) and Hitachi Cable (5812 JT) plan to merge in April, according to Nikkei

- Hitachi Metals and Hitachi Cable are to hold board meetings Tuesday to formally decide on merger.

- Both companies shares suspended in Tokyo.
- Both companies said afterwards that it's not source of merger report.

Reaction details (00:15)

- Hitachi Metals shares fall 5.9% at reopen in Tokyo trading.
- Hitachi Cable shares rise 16% at reopen in Tokyo trading.

12 Nov 2012 - 23:22 - Metals - Source: Nikkei

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