Panasonic to acquire the shares of Sanyo Electronic

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l2007s

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Panasonic to acquire the shares of Sanyo Electronic

posted on Nov 15, 2009 11:02PM

Isn't or wasn't Panasonic (Matsushita? one of J3).? Didn't Sanyo just purchase an MMP license agreement in June of this year? Not sure how this might benefit us....just thought it was worth mentioning.

Panasonic Announces Commencement of Tender Offer for SANYO Shares

Osaka, November 4, 2009 --- Panasonic Corporation (NYSE: PC/ TSE: 6752, the "Tender Offeror" or the

“Company”) announced that it resolved at its Board of Directors meeting held on November 4, 2009 to

acquire the shares of SANYO Electric Co., Ltd. (TSE: 6764, the "Target") through the tender offer (the

“Tender Offer”) as follows: http://panasonic.co.jp/corp/news/official.data/data.dir/en091104-5/en091104-5-1.pdf

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