What would this merger mean to PTSC

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What would this merger mean to PTSC

posted on Jun 24, 2007 08:52PM

Among other gainers, shares in JVC (6792.T: Quote, NEWS , Research) advanced 4.3 percent to 412 yen on news that the struggling Japanese electronics maker will likely merge with audio equipment maker Kenwood Corp. (6765.T: Quote, NEWS , Research).

Kenwood was flat at 196 yen, while Matsushita Electric Industrial Co. Ltd. (6752.T: Quote, NEWS , Research), the world's largest consumer electronics maker, which holds a 52.4 percent stake in JVC, added 0.4 percent to 2,465 yen.

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