Nissan’s (NSANY) board plans to reject Honda’s (HMC) terms for a combination of the two companies, Sean McLain and Megumi Fujikawa of The Wall Street Journal reports, according to people familiar with the matter. The Journal’s sources cautioned that no final decision to kill the deal has been made. The two automakers originally planned to combine under a structure in which both would be subsidiaries of a single holding company, but Honda recently presented a new proposal that would have made Nissan a subsidiary of Honda, a plan that Nissan intends to reject, a person familiar with the negotiations told the Journal.
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