JVC sale flounders as banks wobble

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11-06-2007, 8:50 AM

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JVC sale flounders as banks wobble

Is the sale of JVC from Matsushita to US private equity firm Texas Pacific Group about to fall through? According to Reuters, a reluctance of banks to finance the 560 million dollar purchase price could scupper the deal altogether. Majority share-owner Matsushita is desperate to off-load the ill-performing Japanese CE company. If the TPG deal [...]
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