Panasonic, Sanyo Far Apart On Acquisition Price

Panasonic, Sanyo Far Apart On Acquisition Price

Panasonic's effort to acquire Sanyo Electric broke off abruptly this week with the two sides far apart in the prices they were offering for a deal.
If combined, a Panasonic-Sanyo company would rival Japan's current largest corporate behemoth, Hitachi, which has some $110 billion in annual sales.



Particularly coveted by Panasonic for its advanced battery technology and its position in the vanguard of solar energy products, Sanyo would complement much of Panasonic's existing businesses.

While Sanyo has a long history of producing outstanding products, it began to suffer financially a few years ago and was forced to sell off some business units.