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Hitachi buys out five units for $2.9B (from Corporate Dealmaker)

Japan's Hitachi Ltd. (NYSE:HIT), which lost ¥82.67 billion ($874 million) in the first quarter due to lagging sales, is acquiring the remaining shares in five of its subsidiaries for ¥282 billion to create a "more stable earnings structure." Other companies in the overcrowded Japanese electronics market could follow its...

Posted on July 28, 2009 10:24 AM

Japanese tech M&A overdue, who will deal? (from Corporate Dealmaker)

The overcrowded Japanese electronics market has seen tens of thousands of layoffs as firms try to cope with the recession. Panasonic Corp. is trying to kick off the M&A wave by buying Sanyo Electric Co. But that takeover has stalled as the firms announced a combined 16,200 job cuts.Still, a...

Posted on February 20, 2009 3:51 PM

Potential buyers for GE Appliances (from Corporate Dealmaker)

On May 15, General Electric Co. said it would sell or divest its Louisville, Ky.-based appliance business. The unit only contributed 8% to GE revenue last year, but certainly has intangible value. Possible buyers could include Japan's Hitachi Ltd., South Korea's LG Group, China's Haier Group Co., India's Videocon...

Posted on May 27, 2008 3:17 PM