December 17, 2008 at 22:57 PM EST
Panasonic to buy majority stake in Sanyo for $6.38B
HONG KONG (MarketWatch) -- Panasonic Corp. has reached an agreement to purchase stakes in Sanyo Electric Co. held by Goldman Sachs, Daiwa Securities SMBC Co., and Sumitomo Mitsui Banking Corp., the three financial firms with major holdings in the electronics group, according to reports Thursday .
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