MHI and JTEKT discontinue talks on machine tools tie-up

Mitsubishi Heavy Industries and JTEKT Corporation agreed to discontinue discussions and terminate a basic agreement for a business partnership including capital participation in the machine tools business.

“the parties have now agreed to discontinue these discussions and terminate the basic agreement.”mhi.com

• 1 source
• mhi.comMHI and JTEKT Agree to Discontinue Talks on Tie-up in Machine Tools Business | Mitsubishi Heavy IndustriesMay 25, 2018

Summarized from public sources; check the original articles before acting on it.