InfoAnda - Panasonic to buy Sanyo, more deals may follow

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Boeing, Airbus win orders worth over 23 billion dollars | 20 July 2010
North Korea military parade shows leader's succession on course | | 9 September 2011
McCain refuses to consider taxes to reduce deficit | 23 August 2009

U.S. says N. Korea talks positive, issues remain | | 25 October 2011

Forum Views () Forum Replies ()

Read more with google mobile : Panasonic to buy Sanyo, more deals may follow | Technology |

My Profile Postcards to the President Messages from citizens around the world Watch Now You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures You Witness The Great Debate Blogs Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters You Witness News Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Panasonic to buy Sanyo, more deals may follow Fri Nov 7, 2008 8:42am EST Email | Print | Share | Reprints | Single Page [-] Text [+] By Kiyoshi Takenaka and Nathan Layne TOKYO (Reuters) - Panasonic Corp said it would acquire smaller rival Sanyo Electric Co, creating Japan's top electronics maker and foreshadowing further consolidation in an industry hit by slowing consumer demand. The acquisition, which one analyst estimated could cost about $8.8 billion, would fortify Panasonic's competitiveness in rechargeable batteries and solar power equipment as demand grows for greener energy sources. Panasonic would at the same time become the world's second-largest conglomerate with a major electronics division, behind General Electric and surpassing Hitachi Ltd as the biggest electronics maker in Japan. But the deal carries risks and Panasonic has not said what it might pay for Sanyo, or what it plans to do with the latter's loss-making businesses such as home appliances and microchips. "Strategically (the deal) makes sense, though it doesn't necessarily make sense for Panasonic to take on every single bit of Sanyo Electric," said Hannah Cunliffe, fund manager at Germany's Union Investment, which holds Panasonic shares. "There has to be some relatively aggressive restructuring." The announcement was well flagged and sources told Reuters last weekend that Sanyo and Panasonic, which sits on $10 billion in cash, had agreed in principle to a deal. Panasonic, the world's top plasma TV maker formerly known as Matsushita Electric, wants Sanyo because of its leading position in rechargeable batteries, which are widely used in mobile phones, PCs, music players and increasingly to power cars. Sanyo supplies nickel metal hydride batteries to Ford Motor Co and Honda Motor Co Ltd and develops lithium-ion batteries for cars with Volkswagen AG, while Panasonic runs a car battery venture with Toyota Motor Corp. The deal would also enable Panasonic to enter the solar market. Sanyo is the world's seventh-largest solar cell maker, trailing Germany's Q-Cells, Japan's Sharp Corp and Suntech Power Holdings Co Ltd of China. "Adverse business conditions are making it difficult for us to achieve the kind of growth we have been striving for," Panasonic President Fumio Ohtsubo told a news conference. "We need a new growth engine within our group." CHALLENGES AHEAD Panasonic was founded 90 years ago by Konosuke Matsushita. Sanyo was formed soon after World War 2 when Toshio Iue, his brother-in-law and right-hand man in the early days of Matsushita, broke off on his own. But their shared history does not guarantee they will make a good fit or that Panasonic won't overpay at a time when an economic slowdown is hitting demand for cars and the falling oil price clouds the prospects for solar power. Toyota shocked investors on Thursday by warning that its profits would fall to a 13-year low. "Given the poor performance of car makers and tumbling crude oil prices, it could be a while before the development of ecologically friendly cars and growing use of solar panels will drive its earnings," said Mizuho Asset Management fund manager Yoshihisa Okamoto. Continued... View article on single page Share: Del.icio.us Digg Mixx My Web Facebook LinkedIn Next Article: Malaysian court frees blogger Also on Reuters Bullies may get kick out of seeing others in pain Slideshow Pets that have made the White House their home Michelle Obama's election outfit gets dressing down Related News FACTBOX: Japan's Panasonic to acquire Sanyo Electric 8:42am EST Editor's Choice Pictures Video Articles Slideshow A selection of our best photos from the past 24 hours. Slideshow Showbiz Week Oddly Enough Barney bites Business: Derivatives deals go bad, banks under fire International: "New" synagogue opens old wounds Lifestyle: It's a dog's life for pets in hard times Most Popular on Reuters Articles Video Recommended Scientists say a rock can soak up carbon dioxide Obama wants economic stimulus package passed quickly | Video Al Gore group urges Obama to create U.S. power grid "Little House on Prairie," adults-only version! Jobless rate at 14-year high as losses continue Victim drives sleeping rapist to police station Apple's iPhone makes headway in corporate market Oil rises as U.S. jobs data hits dollar GM, Ford losses worse than expected, burning cash Chrysler cash drains away as crisis deepens: sources | Video Most Popular Articles RSS Feed Video Sarah Palin's future Door to door killing in Congo Silvio's Obama gaffe gets a tanning Obama's promise From victory to reality Beating Somalia's pirates Bush promises smooth transition Latin America reacts to Obama Obama-nomics Syria: Fatah al-Islam behind bomb Most Popular Videos RSS Feed Reuters Deals The global destination for corporate leaders, deal-makers and innovators Knowledge to Act Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Reuters in Second Life | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 7 November 2008
U.N. and African leaders meet on Congo crisis | International |
Honda unveils leg assist machine for elderly
Death toll in NW Pakistan suicide attack rises to 22: officials
Election win boosts Britain's Brown | International |
DRCongo peace summit opens in Nairobi
Opposition rally tests Georgia's leader | International |
British Airways profits take a plunge
U.S. military shoot, then rescue Afghan soldier | International |
10 dead in suspected US missile strike in Pakistan
US doctors tell Liu Xiang he needs surgery
Russia to study U.S. anti-missile proposals: report | International |
Zuma says SADC summit must force Zimbabwe deal | International |
Art masterpieces flop at auction
Rice to discuss Mideast peace with Palestinian president
Pro-North Korea paper says Obama brings in new phase | International |
US GI dies of noncombat related causes in Iraq
UN official hopes for US role in climate change
Cell phone makers face toughest year since 2001 | Technology |
Myanmar and Bangladesh meet over sea dispute
Malaysian court frees blogger | Technology |
HK stock index rebounds to end 3.3 pct higher
Daiichi completes takeover of India's Ranbaxy Labs
Report: Hong Kong investors sue over Lehman buys
IMF says Cambodian economic growth to slow in 2009
China shares rise as investors hope for new policy
Taiwan dlr ends flat, hurt by foreign share sales
LUKOIL may halve '09 capex if oil under $45
Hollywood already in holiday mode | Entertainment |
Panasonic, Sanyo in talks on possible takeover
Taiwan's exports down 8.3 percent in October
60 Minutes crew attacked by angry Chinese | Entertainment |
S.Korea cuts rates third time in a month, more seen
Fox launches Friday sci-fi block | Entertainment |
Steve Carell could make Beaver speak | Entertainment |
Extremist leader in Iraq sends message to US
Insurgents to Obama: Pull troops from Iraq
New Congo fighting flares, summit urges ceasefire | International |
Muxlim.com to launch virtual world site for Muslims
Obama: First pooch may be mutt 'like me'
Analysis: Obama faces early test in Iraq
Paloma strengthens into dangerous storm near Caymans | International |
Microsoft CEO rules out another Yahoo bid: report
GM warns of cash crunch, appeals for bailout
Iraqi Shiite clerics warn against US security pact
Syria's Assad congratulates Obama, urges dialogue | International |
Craigslist moves to crack down on prostitution ads
EU leaders urge rapid results on financial reform
Iran says EU's Solana wants more nuclear talks | International |
Detained US student's dad asks Iran for compassion
Ford warns of tough times ahead amid heavy losses
Russia's Medvedev urges vigilance after bomb blast | International |
Police question Israeli prime minister on expenses
Obama rules out new cabinet picks as jobless rate jumps
Mexico rules out bomb in crash of minister's plane | International |
Palestinian state coming soon, says Rice
U.S. diplomats meet North Korean on disarmament | International |
Obama offered help in finding presidential pup
Mexico captures Gulf drug cartel member | International |
Migraine's silver lining -- drop in breast cancer risk: study
European politicians defy Israel, sail to Gaza | International |
US jobless rate rises to highest level since 1994
Hurricane Paloma powers up on path to Caymans, Cuba
Ford loses $129mln in third quarter, to cut 10% of jobs
Las Vegas offers surprise hotel bargains for CES | Technology |
Pulau Ubin could be model "green" island powered by clean energy
Hurricane Paloma now a Category Two storm
Steelmaker Corus to cut production by 30 percent
Rich nations should ditch 'unsustainable' lifestyles: China's Wen
Britons waste a week a year channel surfing: survey | Technology |
U.S. judge orders Apple executive to stop work | Technology |
Global finance reform needed says China's Wen to British PM
Obama meets top economic advisors
Pakistani stocks end flat, volume withers
Panasonic to buy Sanyo, more deals may follow | Technology |
Kandinsky art prize plays with politics | Entertainment |
Jesse McCartney out to shock fans with new TV role | Entertainment |
Shakespeare texts pledged to London's Globe theatre | Entertainment |
BBC to issue on-air apology for Manuelgate | Entertainment |
Documentary about Obama campaign in the works for HBO
Hollywood meets Bollywood in Oscar-hyped `Slumdog'
BBC to issue on-air apology for Manuelgate | Entertainment |
US says al-Qaida regional leader killed
Digg founder says economic meltdown prime time for Internet startups
Fifty killed, scores hurt as Haitian school collapses | International |
G20 summit will not yield Bretton Woods II, IMF chief tells paper
Opposition ahead as voting ends in NZ election | International |
Iraqi forces kill senior al Qaeda leader | International |
Britain revokes visas of Thai ex-PM and his wife | International |
Human Rights Watch urges regional pressure on Mugabe | International |
Obama vows to confront economic crisis head on
US military deaths in Afghanistan region at 555
US military deaths in Iraq war at 4,191
Gene Simmons rushes to cash in on rock videogames | Technology |
Pakistani cenbank sells 12.7 bln rupees of T-bills
Digital albums now offer liner notes, lyrics | Technology |
Momentum grows for global finance overhaul
Idol champ David Cook set to release debut album | Entertainment |
Gene Simmons rushes to cash in on rock videogames | Entertainment |
Billboard CD reviews: Taylor Swift, T-Pain | Entertainment |
Hollywood joins the furor over gay marriage ban
Billboard single reviews: Miley Cyrus, Ludacris | Entertainment |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01