Panasonic and SANYO Agree to Start Discussions for Capital and Business Alliance
Osaka, November 7, 2008 --- Panasonic Corporation (NYSE: PC/ TSE:6752, “Panasonic”) and SANYO Electric Co., Ltd. (TSE 6764, “SANYO”), upon the resolutions of the meetings of their respective Boards of Directors held today on November 7, 2008, agreed to start discussions for capital and business alliance between Panasonic and SANYO.
Panasonic and SANYO will start discussions, with the aim of maximizing both companies’ corporate values by pursuing synergies between both companies and further strengthening initiatives to achieve potential revenue and profit growth through this alliance.
