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Panasonic and Sanyo: the deal is on, merger creates Japan's biggest electronics compa

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Old 18-12-2008, 8:30 AM   #1
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Post Panasonic and Sanyo: the deal is on, merger creates Japan's biggest electronics compa

<p><img style="margin: 6px; float: left;" src="http://www.homecinemachoice.com/files/hcc_content/sanyobike.jpg" title="On yer bike - Sanyo's electric hybrid pushbike" width="172" height="150" />Like all good romances, the relationship looked precarious at times. But it now looks certain that Panasonic will acquire Sanyo, following stakeholder Goldman Sachs acceptance of Panasonic’s latest share offer. </p>
<p>Initially, the financial giant, one of three main shareholders in Sanyo, baulked at Panasonic’s 120 yen per offer, claiming it was too low. <span class='read-more'><a href="http://www.homecinemachoice.com/blogs/team_HCC/panasonic+sanyo+merger+is+on">&nbsp;read&nbsp;more &nbsp;&raquo;</a></span></p>
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