6 result(s) displayed (1 - 6 of 6):

Japanese M&A ramping up, $154B stimulus ahead (from Corporate Dealmaker)

Many companies hit by the global economic downturn are restructuring their businesses and the Japanese electronics sector is considered overdue for consolidation. Earlier Thursday, Japan's Pioneer Corp. and Sharp Corp. merged their optical units to take advantage of the growing Blu-ray Disc market.And, recently, Panasonic Corp. sold its 40% stake...

Posted on April 9, 2009 11:29 AM

Toshiba to buy out Panasonic JV for 'several billion yen' (from Corporate Dealmaker)

Citing people familiar with the matter, The Journal -- along with several other outlets -- said Toshiba Corp. will acquire the 40% of a struggling Panasonic Corp. (NYSE:PC) joint venture it doesn't already own. The JV makes liquid crystal displays for mobile phones and digital cameras. Toshiba plans to...

Posted on March 30, 2009 3:25 PM

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

Panasonic cuts 15,000 while $9B Sanyo takeover stalls (from Corporate Dealmaker)

Adding to recent major Japanese corporate cutbacks, appliance maker Panasonic Corp. said it would shut down plants and cut 15,000 employees, as well as reported a net loss for the last quarter and revised its annual forecast downward. All this while it's trying to acquire Sanyo Electric Co. Ltd. for...

Posted on February 4, 2009 10:11 AM

Will overseas Japanese M&A hit rough waters? (from Corporate Dealmaker)

A strong yen will help Japan keep a decent pace of cross-border acquisitions for 2009, but it's doubtful they will top their record pace from 2008 with the global economic crisis in full gear. A Reuters report notes Japan's firms have filled a void left by private equity and other...

Posted on December 18, 2008 4:10 PM

Still stymied, Panasonic's Sanyo bid could set tone for electronics M&A (from Corporate Dealmaker)

Panasonic Corp. is meeting resistance to its bid to kick off consolidation in the overcrowded Japanese electronics market by buying Sanyo Electric Co. Standing in Panasonic's way are the traders at Goldman Sachs Group Inc., owners of a 29% stake in Sanyo. Goldman has rejected a second offer from Panasonic...

Posted on December 4, 2008 9:51 AM