19 December 2008
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Panasonic's Christmas wish for Sanyo comes true
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SANYO shareholder Goldman Sachs has finally agreed to sell its stake in the Japanese company to Panasonic.
The decision by Goldman Sachs comes after rejecting Panasonic's earlier lower offers .
Panasonic's latest offer of 131 yen per Sanyo common share puts Sanyo's price close to £6bn.
Sanyo's two other major shareholders Sumitomo Mitsui Banking Co and Daiwa Securities SMBC Co had already agreed to the deal.