Panasonic Finally Buying the Rest of Sanyo
In a deal that has been slowly percolating for years, Japanese electronics giant Panasonic has announced (PDF) it will make a tender offer for all outstanding shares of Sanyo common stock on August 23 at ¥138 per share. Panasonic acquired a controlling stake in Sanyo in late 2009; buying out the remaining common stock puts Sanyo solely in Panasonic’s hands.
Read more on Digital Trends via Yahoo! News
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