Panasonic to Acquire SANYO Common Stock in Tender Offer

Panasonic (PC) will acquire the shares of common stock of SANYO Electric Co (SANYY) through a tender offer, Panasonic announced.

Panasonic currently owns 50.5% of the aggregate number of SANYO's issued shares following a 2009 tender offer, Panasonic said in a statement.

The new tender offer will begin Aug. 23 and end on Oct. 6. The purchase price will be 138 yen ($1.5836) per share of common stock. No minimum or maximum number of shares to be purchased has been established
Read Full Story
  • DJI27218.9347.030.17%
    NASDAQ8201.51-2.63-0.03%
  • NIKKEI 22521620.88204.090.95%
    Hang Seng28466.4895.220.34%
    DAX12490.74201.341.64%
  • USD (PER EUR)1.12-0.0054-0.48%
    USD (PER CHF)1.02-0.0032-0.31%
    JPY (PER USD)108.100.21600.20%
    GBP (PER USD)1.24-0.0029-0.23%