Panasonic intends to acquire Sanyo

Panasonic Corp. has announced that it intends to acquire its Japanese rival Sanyo Electric Co. in a move that would create Japan's largest electronics maker. The acquisition has an estimated price tag around $8.8 billion, a price Panasonic would pay to gain competitiveness in rechargeable battery production and solar power technology. Panasonic, the world's largest plasma TV maker, is sitting ... [ read the full article ]