Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Panasonic says it has taken majority control of Sanyo, officially forming one of the world's largest electronics makers.
Panasonic said t had converted preferred shares to give it a 50.27 per cent stake in Sanyo. It acquired the shares in a previously announced US$4.6 billion tender offer that ended 9 December.
The acquisition gives Panasonic access to Sanyo's advanced solar panel and rechargeable battery technology.
But Panasonic must also find a way to bring profitability back to Sanyo, which had a net loss of US$338 million in the April-September half.
Panasonic has said it will retain the well-known Sanyo brand and keep its shares listed on the Tokyo Stock Exchange.
Source: New Zealand Herald
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments