Panasonic buys $9.4b in San...
07/29, 12:15pm
Panasonic buying remaining Sanyo, PEW shares
Panasonic on Thursday announced its offer of $9.37 billion to buy outstanding shares of Sanyo and Panasonic Electric Works. The electronics giant already owns 50.5 percent of Sanyo and 51 percent of PEW, and the acquisition would help the company become more environmentally friendly. Panasonic specifically singled out rechargeable batteries, solar cells and components for electric vehicles.