Panasonic to buy Sanyo?
Paul Milligan, 04 November 2008
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According to CNNMoney.com, Panasonic is considering making a move to purchase fellow Japanese company Sanyo. If Panasonic were to acquire Sanyo, the combined company would rival Hitachi as the biggest Japanese electronics maker.
Sanyo was rescued in 2006 by a consortium of shareholders led by Goldman Sachs.
The cash from a share sale to Panasonic would be driving by the banks who own shares in Sanyo and who are feeling the effects of the global financial slowdown.
No officla announcement has been made as yet by either company.
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