Panasonic Completes Bid For Sanyo

You might have read some previous news on Panasonic pushing for a majority stake in Sanyo, and now the much-delayed 403.8 billion yen ($4.6b) deal has been completed. With Sanyo’s top 3 shareholders agreeing to sell part of their shareholdings for a premium, Panasonic was able to obtain 50.2% of Sanyo. In case you didn’t already know, Sanyo is the world’s largest rechargeable battery make, and boasts clients such as Honda, Ford, and Peugeot. It will be interesting to see what kind of technological improvements they’ll churn out, and we’ll keep you posted. Check out the full press release here.