Sunday, March 29, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Lists Windows 10-Compatible Phones
Intel in Talks to buy Altera: report
MediaTek Releases New High-end Smartphone Helio SoC
Google To Get Into The Operating Room
Data Requests To Microsoft Decreased
Google Defeated in English Court - Decision Opens Door for Litigation by Millions of British Apple Users
LG G4 Smartphone Coming Late April
BlackBerry Posts Quarterly Profit
Active Discussions
how to copy and move data files to dvd-rw
cdrw trouble
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
 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 to Share Intellectual Property to Boost Internet of Things
Panasonic Unveiled Data Storage Backup Unit at OCP 2015
MWC: Panasonic Nubo Monitoring Camera Has 4G Connectivity
Panasonic Showcases VR Headset, Produces World's Largest Aspheric Lens
Panasonic Reports Third Quarter Dip
Panasonic LUMIX GF7 Camera Marries Selfie Functions with Classic Style
Panasonic Showcases 8K Display For B2B
Panasonic Showcases Next Generation Blu-ray Disc Player at CES 2015
Panasonic at CES 2015
Panasonic Expands Toughbook H2 Battery Recall in The United States
Panasonic Raises Profit Outlook
Panasonic AX800 4K ULTRA HD TVs Update Adds Compatibility With Netflix 4K Streaming

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .