Sanyo bails out of LCD business

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15-12-2006, 8:40 AM

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Sanyo bails out of LCD business

Sanyo has sold all the shares in its LCD-based Sanyo Epson Imaging Devices Corp joint venture business to Seiko Epson. Seiko will buy the entire 45 percent stake originally held by Sanyo.The company off-loaded the concern as part of a massive restructuring plan. In a statement it said it was “necessary to take decisive measures [...]
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