BRIEF-Honda CEO Mibe - Became Aware That Realising Integration Would Require Making Decision That Would Incur Pain Swiftly

Feb 13 (Reuters) - Nissan Motor Co Ltd 7201.T:

• HONDA CEO MIBE: BECAME AWARE THAT REALISING INTEGRATION WOULD REQUIRE MAKING DECISION THAT WOULD INCUR PAIN SWIFTLY

• HONDA CEO MIBE: WE WERE AWARE OF POSSIBILITIES THAT TIE-UP DEAL COULD BE SCRAPPED

• HONDA CEO MIBE: BUT WHAT WAS MORE FEARFUL WAS WE WOULD BE IN MUCH SERIOUS SITUATION IF INTEGRATION WITH NISSAN DID NOT MAKE PROGRESS

• HONDA CEO MIBE: IT IS UNTRUE THAT WE PRESENTED SPECIFIC EQUITY SWAP RATIO

• HONDA CEO MIBE: INTEGRATING THROUGH STOCK SWAP WOULD HAVE ENABLED US TO ESTABLISH A SINGLE GOVERNANCE STRUCTURE QUICKLY

• HONDA CEO MIBE: IT IS DEEPLY DISAPPOINTING WE WERE UNABLE TO REACH AGREEMENT

• HONDA CEO MIBE: WILL TRY TO MAXIMIZE SYNERGY WITH NISSAN BASED ON PARTNERSHIP AGREED TO LAST AUGUST

• HONDA CEO MIBE: HAVEN'T THOUGHT ABOUT LAUNCHING HOSTILE TAKEOVER BID FOR NISSAN, NO PLAN TO DO SO IN THE FUTURE

• HONDA CEO MIBE: HAVEN'T HAD DISCUSSIONS WITH FOXCONN REGARDING TIE-UP

• HONDA CEO MIBE: THERE WAS NO INVOLVEMENT FROM GOVERNMENT ON TIE-UP TALKS

• HONDA CEO MIBE SAYS STRATEGIC PARTNERSHIP BETWEEN HONDA, NISSAN AND MITSUBISHI MOTORS WOULD BRING A CERTAIN DEGREE OF MERIT ON SCALE

Source text: [ID:]

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