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Panasonic to Buy Out Sanyo

Posted by: , 06:37 AEDT, Tue November 11, 2008

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Panasonic confirmed today it will take over Sanyo electronics making them the largest Japanese electronics maker

Panasonic confirmed today it is in talks to acquire its smaller rival, Sanyo, in a deal that would see the formation of Japan's biggest electronics maker.

The merger is being planned against a worrying drop of falling demand and higher manufacture costs.  The deal went down shortly after both companies stock prices fell.


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