Japan's Kanadevia, NSE end merger talks

Negotiations between major Japanese engineering firms Nippon Steel Engineering (NSE) and counterpart plant builder and engineering firm Kanadevia Corp about integrating their companies have fallen through, the two companies announced on September 29.

Meetings of the companies' respective boards of directors held on the same day approved the termination of talks. The two companies had announced the start of formal discussions on integrating their businesses last February, hoping to finalize their integration by this month and inaugurate the united entity next April, as