Panasonic Said to Plan Sanyo, Electric Works Buyout

Posted by Yahoo! News Search Results for rechargeable batteries on July 29, 2010 under MH-C808M Battery Charger | Be the First to Comment

Panasonic Corp., the world’s largest maker of rechargeable batteries, will offer to buy full control of Sanyo Electric Co. and Panasonic Electric Works Co., three people familiar with the matter said. Panasonic may sell $5.7 billion of new shares to finance the acquisitions, Reuters said.