Panasonic has recently announced that it will become the majority shareholder of Sanyo. The deal, which has been mentioned for the first in the beginning of November, is worth $4.6 billion and will give Panasonic 50.2% of Sanyo’s shares. Thanks to this deal, the company will go in the top of the biggest electronics manufacturers in the world.
Panasonic, the most important plasma TV manufacturer, will benefit, once the deal is closed, from Sanyo’s tradition in rechargeable batteries and solar panels.
Even if Sanyo has been eager to buy more shares, Sanyo hasn’t agreed to sell more than a minimum percent of controlling shares, as the price offered by Panasonic seems to have been lower than the market price. The deal has confronted a delay because Panasonic had to wait for the approval of antitrust regulators in the USA, China and the EU. The plasma TV maker suggested that they will complete the deal on December 16th.