Panasonic to buy 70.5% stake in Sanyo from 3 shareholders

Panasonic to buy 70.5% stake in Sanyo from 3 shareholders

OSAKA, Japan - Panasonic Corp. President Fumio Ohtsubo (L) and Sanyo Electric Co. President Siichiro Sano give a news conference in Osaka on Dec. 19 at which they announced that Panasonic will launch a tender offer to acquire a stake of around 70.5 percent in Sanyo from three major shareholders for 131 yen per share.

Panasonic to buy 70.5% stake in Sanyo from 3 shareholders

Panasonic to buy 70.5% stake in Sanyo from 3 shareholders

OSAKA, Japan - Panasonic Corp. President Fumio Ohtsubo (L) and Sanyo Electric Co. President Seiichiro Sano give a news conference in Osaka on Dec. 19 at which they announced that Panasonic will launch a tender offer to acquire a stake of around 70.5 percent in Sanyo from three major shareholders for 131 yen per share.

3 shareholders to sell Sanyo shares for 131 yen to Panasonic

3 shareholders to sell Sanyo shares for 131 yen to Panasonic

OSAKA, Japan - File photos shows headquarters of Panasonic Corp. (L) and Sanyo Electric Co. (R), both based in Osaka. Panasonic and three major Sanyo Electric shareholders have agreed the three will sell each Sanyo share for 131 yen in a tender offer Panasonic will launch, informed sources said Dec. 18.

3 shareholders to sell Sanyo shares for 131 yen to Panasonic

3 shareholders to sell Sanyo shares for 131 yen to Panasonic

OSAKA, Japan - File photos shows headquarters of Panasonic Corp. (L) and Sanyo Electric Co. (R), both based in Osaka. Panasonic and three major Sanyo Electric shareholders have agreed the three will sell each Sanyo share for 131 yen in a tender offer Panasonic will launch, informed sources said Dec. 18. (Kyodo)

Panasonic to buy 70.5% stake in Sanyo from 3 shareholders

Panasonic to buy 70.5% stake in Sanyo from 3 shareholders

OSAKA, Japan - Panasonic Corp. President Fumio Ohtsubo (L) and Sanyo Electric Co. President Seiichiro Sano give a news conference in Osaka on Dec. 19 at which they announced that Panasonic will launch a tender offer to acquire a stake of around 70.5 percent in Sanyo from three major shareholders for 131 yen per share. (Kyodo)

Panasonic to buy 70.5% stake in Sanyo from 3 shareholders

Panasonic to buy 70.5% stake in Sanyo from 3 shareholders

OSAKA, Japan - Panasonic Corp. President Fumio Ohtsubo (L) and Sanyo Electric Co. President Siichiro Sano give a news conference in Osaka on Dec. 19 at which they announced that Panasonic will launch a tender offer to acquire a stake of around 70.5 percent in Sanyo from three major shareholders for 131 yen per share. (Kyodo)