NEWS /
|
Panasonic Corp plans to acquire the shares it does not already own in Sanyo Electric Co and Panasonic Electric Works Co Ltd, four sources with knowledge of the matter said. The deal, which could be worth more than $10 billion, is aimed at strengthening the Japanese electronics maker's grip on the two subsidiaries, which are key to its strategy of shifting its focus to energy and environment-related businesses. Panasonic Electric Works was untraded amid a rush of buy orders. "The move will be good for Panasonic's long-term strategy, but investors are worried about how many new shares it will issue. We anticipated the deal but thought it would be done by a share swap," said Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management. Panasonic is considering a public cash offering and share swap to complete the transaction and could make an official announcement of its plans this week, according to the sources, who were not authorised to speak publicly about the deal. It is looking at raising funds to finance the deal, and a new share issue is seen as one option, sources said. Panasonic, which will release quarterly earnings later on Thursday, said nothing had been decided and that it would make an announcement as soon as a decision was reached. |
Tags: Panasonic , Sanyo , acquisitions
Mixx
Facebook
Twitter
Digg
delicious
reddit
MySpace
StumbleUpon
LinkedIn
Panasonic introduces new micro four thirds digital interchangeable lens
Panasonic has announced a new digital interchangeable standard zoom lens, the LUMIX G X VARIO 12-35mm/F2.8 ASPH./POWER O.I.S. (H-HS12035). The newest
TVs, cameras, PCs to cost more as Rupee turns volatile
Panasonic’s radar tech aims to avoid collisions in low visibility conditions
Panasonic launches MB1500 series laser printers
Panasonic launches new HD 3D Home Theater Projector
Panasonic Lumix DMC-FZ150 Review
Panasonic to join Android smartphone race
Leaked Images, Availability, Pricing,
Specs, Pre-order
Karbonn officially launches the A9 Android smartphone
14 May, 2012, 06:14 PM IST
Supreme Court website hacked in response to TPB, Vimeo block
17 May, 2012, 04:46 PM IST
Sony Xperia P up for pre-order on Infibeam, launching on 25 May
19 May, 2012, 04:32 PM IST
Samsung Galaxy S III pops up on eBay India for Rs. 44,770
22 May, 2012, 11:19 AM IST
16 May, 2012, 11:57 AM IST
The latest "should they-shouldn't they" event with Facebook is the lift of the minimu...
Creative Sound Blaster Recon3D Fatal1ty Champion Review
26 May, 2012, 04:13 PM IST
6.0
Back in the day when audio solutions weren’t integrated into motherboards, people had to go out and buy their own sound cards. They were large
Asus Eee Pad Transformer Prime TF201 Review
Portable Wi-Fi Drives for your smartphone
Fed up of the limited storage on your mobile device? Here are some devices
Top 5 potential Gmail alternatives
Google’s Gmail service is arguably the most advanced and feature-packed...
Five ways to beat the petrol hike
Petrol prices went up by a considerable amount post Wednesday, and this...
By Karan Shah
SpaceX's Dragon capsule locks up to the ISS
26 May, 2012, 04:18 PM IST
In a moment that is nothing short of being historic, SpaceX’s Dragon capsule has, according to NASA reports ...
Microsoft VP talks about Ballmer's new tech - an 80-inch touchscreen
Cisco won't invest in their Android tablet for businesses
Yahoo! shuts down Livestand 6 months after launch
Giant radio telescope gets split location
776 views
_011517074205_160x90.jpg "Epson Stylus Photo R3000")
Sony to roll-out ICS update next week,...
BlackBerry Curve 9320 announced in India...
Microsoft VP talks about Ballmer's...
Cisco won't invest in their Android...
About Us | Site Profile | Tech2 Team | IBNLive News | IBNLive Hindi News | Cricket News | Indian Stock Market | Policy | T & C
Copyright © 2011, Tech2.com India - A Network 18 India Venture
