Panasonic and Sanyo deny merger rumour

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29-04-2008, 8:00 AM

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Panasonic and Sanyo deny merger rumour

Shares in Panasonic parent Matsushita soared after a rumour circulated that the consumer electronics giant was considering an investment in and eventual merger with, ailing rival Sanyo Electric. Both companies were quick to calm the market, issuing statements that the scuttlebutt was incorrect. Perhaps too quick…
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