(CNBC) Shares of Japanese automaker Honda were on track for their best day in 16 years after it announced to buy back up to 1.1 trillion yen ($7 billion) of its shares on Monday amid merger talks with Nissan and Honda said they had begun official negotiations to merge, which could catapult them to the world’s third-largest carmaker by sales.
Honda shares set for best day in more than 16 years on share buyback plan, Nissan deal
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