Japan’s Kirin and Suntory on Monday said they would each continue looking for M&A opportunities after the collapse of a deal to create the world’s fifth-largest beverage and food group by sales. Privately-held Suntory and listed Kirin called off their talks, which began last summer, after disagreeing on a merger ratio and governance regime for the new company. Kirin’s shares closed down 7% at Y1,337 on the news.

This entry was posted by Gwen Robinson on Tuesday, February 9th, 2010 at 4:50 and is featured in The 6am Cut London (9 Feb 2010) . Tagged with Kirin, Suntory. Edit this entry.