Sunday, February 26, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG 2017 Gram Notebooks Start From $999
Samsung, Apple To Focus On Bio Authentication Services
Nokia Captured 9 Percent Global Feature Phone Marketshare in 2016
Secure Folder Now Available for Galaxy S7, Galaxy S7 edge
LG X Power2 Smartphne Packs A 4,500mAh Battery And A 5.5-inch Display
Samsung Introduces Measures to Enhance Transparency in Financial Donations
Google's Waymo Sues Uber Over Self-Driving Patents
New Razer Power Bank Will Charge Your Laptop, Smartphones
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Panason...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, December 10, 2009
Panasonic Takes Control of Sanyo


Panasonic said Thursday it will buy a majority stake in Sanyo Electric Co. for about $4.6 billion, in a move to secure its position as a leading provider of batteries for fuel-efficient cars.

In a statement, the Osaka-based consumer electronics giant said it will acquire 50.19% of Sanyo for ¥403.78 billion (about $4.6 billion) after a tender offer commenced on November 5, 2009. The tender Offer expired on December 9, 2009.

Panasonic and Sanyo believe that, through this alliance, a strong collaboration between both companies will be established in a wide range of business fields.

These include solar batteries, rechargeable battery business focused on lithium-ion rechargeable batteries and new investments in batteries for HEV (Hybrid Electric Vehicle) and EV (Electric Vehicle).

By Sanyo becoming a member of the Panasonic Group, reductions in company-wide procurement costs in areas such as materials purchasing or reductions in logistics-related costs are expected in Sanyo.

Panasonic's move has been a work in progress for over a year as Panasonic has struggled to resolve negotiations with the three banks, including Goldman Sachs, who currently own Sanyo.


Previous
Next
MSI Ships All-in-One PC with High-End Audio Quality        All News        Multi-Gigabit Wireless Specification Released
Microsoft's exFAT File System Now Available for License     General Computing News      Microsoft Details Security December Security Patches

Get RSS feed Easy Print E-Mail this Message

Related News
Panasonic Brings High Contrast Transparent Screen to Market
Panasonic Develops First Organic CMOS Image Sensor With Electrically Controllable Near-Infrared Light Sensitivity
Terahertz Wireless Allows Data Transfer 10 Times Faster Than 5G
U.S. Authorities Probe Panasonic's Avionics Business
Panasonic To Partner With UMC To Produce ReRAM
Panasonic Develops Flexible battery Small Enough To be Embedded into Credit Cards
Panasonic Joins The OLED TV Camp, Showcases Head-mounted Display
Panasonic Demonstrates "Companion" Robot at CES
CES: Panasonic Launches Flagship Lumix DMC-GH5, DMC-FZ80 And The Mirrorless DMC-GX850
Panasonic Unveils New Ultra HD Blu-ray Players
Tesla and Panasonic Will Begin Manufacturing Solar Cells and Modules in Buffalo
Panasonic May Buy Headlight Manufacturer ZKW

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .