Sources say Hitachi (HIT -4.8%) and Mitsubishi Heavy (MHVYF.PK) are discussing merging some of...

|About: Hitachi Ltd. ADR (HTHIY)|By:, SA News Editor

Sources say Hitachi (HIT -4.8%) and Mitsubishi Heavy (MHVYF.PK) are discussing merging some of their ops despite officials denying the talks even after Hitachi's president said on TV a deal was in the works. The negotiations almost stalled following the media reports of the discussions. (previous)