Congratulations,
Panasonic, you're now the adoptive father of two companies,
Sanyo and Panasonic Electric Works. We know, the plan's been
all but confirmed since July, but it's nice to see the deal go through and all the necessary paperwork signed. Both now-wholly-owned subsidiaries (through a share exchange that commenced today) are scheduled to be de-listed from the Tokyo Stock Exchange on March 29th, 2011, and after that... well, independence was fun while it lasted, eh chaps?
Panasonic's Sanyo and PEW buyout official: subsidiaries for life originally appeared on Engadget on Wed, 22 Dec 2010 10:28:00 EDT. Please see our terms for use of feeds.
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