GE to buy Sanyo Electric Credit for 135 bil. yen

TOKYO, Japan - Sanyo Electric Credit Co. President Shoichi Oshima (R) speaks as GE Commercial Finance Asia CEO John Flannery looks on at a press conference in Osaka on March 23. General Electric Co. will launch a friendly takeover bid for Sanyo Electric Credit on March 26 to make it a wholly owned subsidiary for about 135 billion yen, Sanyo Electric Credit said. (Kyodo)

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