Panasonic Sanyo formal M & A
Japanese electronics giant Matsushita, Sanyo battery giant company mergers and acquisitions launched. Matsushita said the winner in this acquisition, under the powerful combination will be targeting in the world.
Mergers and acquisitions through public stock acquisitions manner. As early as December last year, Panasonic announced the acquisition of Sanyo, the Sanyo had with the three major shareholders – Goldman Sachs Group, Daiwa Securities and Sumitomo Mitsui bank reached a consensus regarding the transfer of shares. The above-mentioned three major shareholders of the combined equity ratio has reached 50.13%, so even if there are objections to other shareholders, M & A is also a great chance of success.
Matsushita president Fumio Ohtsubo said Panasonic’s energy-saving white goods obvious advantages, Sanyo solar batteries, fuel cells, rechargeable batteries are also far ahead of technology, Panasonic will strive to make their business a hundred years (in 2018) the occasion to become a Bianshen integrated energy companies and the world’s first motor manufacturer. Household appliances, said analyst Luo Kai, Japan and the United States and Europe and the Chinese Government attach conditions to approval may inhibit powerful combination of monopolistic behavior after the Sanyo, but the monopoly can not subvert. The domestic as the new continent, the battery maker BYD, etc. to the development of the country also need to provide financial and technical and other aspects support.
The open market purchase will last until December 7. After completion of the deal, Sanyo will continue to follow the previous brand, the stock will continue to market.