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Panasonic to gain majority ownership of Sanyo in $4.6 billion transaction

By Matthew
Dec 10, 2009
  1. Panasonic today announced it would acquire a majority ownership of Sanyo after revealing interest in the company last December. In the $4.6 billion deal, Panasonic will buy more than three billion shares from Sanyo's top three investors -- Goldman Sachs, Daiwa Securities SMBC, and Sumitomo Mitsui Banking -- to gain a 50.2% stake.

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