Comment on Honda shares surged following the Nissan merger announcement

Honda shares surged following the Nissan merger announcement

Honda and Nissan said on Monday that they are starting merger talks.Josh Lefkowitz via Getty ImagesHonda's shares soared by as much as 17% when local markets opened on Tuesday.The automaker said on Monday that it was starting merger discussions with struggling rival Nissan.Honda also announced a $7 billion stock buyback program.Honda's shares soared after the company said it was in talks to merge with rival automaker Nissan.Honda's stock went up as much as 17% when local markets opened on Tuesday, a day after it announced that it had begun discussions with Nissan.

 

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