twice connect
careers

Panasonic Makes Its Long-Awaited Offer To Sanyo

11/09/2009 02:00:00 AM Eastern

Panasonic launched its long-awaited tender offer for Sanyo Electric valued at approximately 402.3 billion yen or about $4.5 billion, according to current currency rates.

The acquisition, announced last December, is expected to be completed by this December, according to various reports.

The tender offer was finally made after going through a series of regulatory reviews by various countries worldwide about possible antitrust violations.

The transaction would make Sanyo a subsidiary of Panasonic and would make it a major player in batteries for green grid technologies and a wide range of CE-related products using lithium-ion technology, solar photovoltaic cells and batteries for electric vehicles, among other areas.

PHOTOS
ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital Patriots’

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World

Scenes From Toy Fair

By Lisa Johnston

ADL Honors Morales, Bilas, Paull, Weedfald At Annual Dinner

New York — The Anti-Defamation League’s National