ACR-News

IT IS being reported that Panasonic's bid to acquire fellow air-conditioning manufacturer Sanyo could be completed by the end of the week, after share price discussions moved forward.
The parties are expecting to agree on a price range of around ¥150 to just under ¥200 per share, compared with the ¥120 Panasonic proposed earlier.

Market analysts, aware that Panasonic has £6.5bn in cash and cash equivalents available, feel that the company is keen to pursue its bid and make a deal by the end of the week.