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Article: Panasonic Starts Tender for Sanyo - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- November 5, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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Panasonic Starts Tender for Sanyo - Analyst Blog
Panasonic Corp.
(
PC
) provided another update on the acquisition of
SANYO Electric Co Ltd.
(
SANYY
) at its Board Meeting held on Nov 4, 2009. The company announced the start of its tender offer to acquire 3.1 billion shares of SANYO (or more than 50% of the company’s total shares) for approximately $4.4 billion (403 billion yen).Â
Earlier, Panasonic had planned to take over all of Sanyo's shares. Panasonic had entered into a capital and business alliance agreement with SANYO in Dec 2008. The latter is a leading company in the rechargeable battery business focused on lithium-ion rechargeable batteries. Panasonic is one ...
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Article: SANYO to Merge Logistics and Service Operations in North ...
PR Newswire;
April 1, 1997 ;
700+ words
...SAN DIEGO, April 1 /PRNewswire/ -- SANYO North America Corporation announced today that it will merge the operations of its subsidiaries, SANYO Logistics Corporation and SANYO FISHER Service Corporation, as of April 1. The merged ...
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