Panasonic Sanyo swallowed Ultra 30 billion
It is reported that Matsushita would fetch a price given by the company ¥ 131 per share, well below the 4, the closing price of ¥ 216, is expected to transfer its common shareholders will not enthusiastic in the hands of shares held by Sanyo. However, Matsushita as early as last December announced the acquisition of Sanyo, the Sanyo had with the three major shareholders - Goldman Sachs Group, Daiwa Securities and Sumitomo Mitsui Banking Corporation reached an agreement apple MacBook 13 inch battery， apple MacBook Pro 15 inch batteryon the transfer of shares. The above-mentioned three major shareholders of the combined equity ratio has reached 50.13%, so mergers and acquisitions will be successful in fact a virtual certainty.
Matsushita said in a statement sent yesterday, the two combined is some of the concerns about the economic outlook. SANYO Electric Co., agreed with the macroeconomic less transparent, and the financial crisis triggered by the global economic situation in backward shrinking market demand led to yen appreciation and the rising cost of materials brought to the operating pressure on China and other emerging countries, the continuous development of enterprises, etc., The results suggested that the two companies face intense competition environment will be further intensified, individual will become more difficult for continued growth.
Matsushita president Fumio Ohtsubo hope to Panasonic’s energy-saving advantages of white goods, as well as the two sides formed after the fusion http://www.easybattery.net/ of solar batteries, fuel cells, rechargeable batteries and other technology and market lead, Matsushita will strive to make their business a hundred years (in 2018) the occasion of Bianshen become an integrated energy companies and the world’s first motor manufacturer.
According to reports, Panasonic and Sanyo in energy, electronics, components, digital, business, areas such as white goods are highly complementary, especially in the solar power generation Sanyo has technical advantages, while the Panasonic has a global sales network edge. Since the merger of the two giants may be in some markets, the formation of monopolistic advantage, a threat to competition in the market, which was scheduled to be completed in March this year, mergers and acquisitions have to be patient to wait for Japan, the United States, Europe and key markets such as China’s approval. The open market purchase will last until December 7. The acquisition is completed, Sanyo Electric and its subsidiaries in the ordinary course of business within the framework of normal business. After completion of the deal, Sanyo will continue to follow the previous brand, the stock will continue to market.
Summary of acquisition
The acquisition time of the initial declaration of November 5, 2009 ~ December 7, 2009
Shares of common stock a price ¥ 131, A preferred a share ¥ 1310, B Preferred Stock one share ¥ 1310
The number of shares of 3.070985 billion acquisition of
Acquisition of the amount of ¥ 402,299,000,000, or about 30.2 billion yuan (according to the largest number of 6,141,969,078 shares of the acquisition to calculation, the amount of ¥ 804,597,000,000, or about 60.5 billion yuan).
The acquisition process
November 7, 2008, Panasonic will incorporate it into a subsidiary of Sanyo Electric Co., Ltd. is the prerequisite for capital and business co-operation on matters agreed to begin consultations.
December 19, 2008, according to the board of directors approved the two companies signed a capital and business cooperation agreement.
January 21, 2009, the Chinese Ministry of Commerce received http://www.mainec.com/ Matsushita’s acquisition of Sanyo’s business after the concentration of anti-monopoly report. April 30 to submit supplementary material, the Ministry of Commerce May 4 to be placed on file.
November 4, 2009, Matsushita’s Board of Directors adoption of the resolution began to buy shares in the open.