Panasonic to launch tender offer for Sanyo
Japan's largest consumer electronics company, Panasonic, plans to launch a tender offer for shares of Sanyo Electric with the hope of acquiring a majority stake in its smaller rival, the company said.
Japan's largest consumer electronics company, Panasonic, plans to launch a tender offer for shares of Sanyo Electric with the hope of acquiring a majority stake in its smaller rival, the company said.
Panasonic will begin negotiating with Sanyo Electric's top-three shareholders as early as November with the aim of acquiring a majority stake in the electronics maker, The Nikkei business daily reported in its Saturday morning edition.
Engineers at Panasonic have succeeded in reducing the size of a prototype methanol fuel cell so that its no larger than a laptop battery pack but provides all-day power.