– Panasonic will launch a tender offer for Sanyo Electric valued at
approximately 402.3 billion yen or about $4.5 billion, according to current
The acquisition, which was announced last
December, is expected to be completed by this December, according to
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.