Panasonic and SANYO Electric have entered into a Capital and Business Alliance Agreement. Panasonic will aim to acquire the majority of the voting rights of SANYO assuming full dilution (which takes into account conversion of Class A preferred stock and Class B preferred stock into common stock) by means of a public tender offer bid. Panasonic and SANYO will form a close alliance in business with the prospect of organizational restructurings of both companies.
WANT TO READ MORE?
SIGN UP TODAY...IT'S FREE!
(and takes less than a minute)


More

With access to over one million professionals and more than 60 industry-specific publications,



