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:

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

Print 23:22, 12 Nov 2012 - Asian News - Source: Nikkei