Nissan Falls as Shares Pressured by Honda Deal Concerns
- Recent rally makes shares vulnerable to year-end profit-taking
- Nissan sentiment poor among global funds: Copley Fund Research
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Nissan Motor Co. shares slid, heading for a two-day drop of 13%, on concern the terms of the carmaker’s planned deal with Honda Motor Co. would give investors a lower stake in the proposed joint holding company.
The stock fell as much as 6.7% on Monday in Tokyo. After initially soaring more than 60% since Dec. 17, a day before news of the deal broke, the stock tumbled on Dec. 27 as investor focus turned to the starting ratio for a Honda-Nissan tie-up. Shares were also vulnerable to profit-taking on the last trading session of the year.