Panasonic to buy Sanyo
Well, it looks like the rumors and speculation had merit: Panasonic has made a formal offer to purchase Sanyo. Not surprisingly, the WSJ doesn't mention either company's security divisions, as they are small pieces of a very large puzzle, but I found this paragraph particularly interesting: For Panasonic, the deal comes down to Sanyo's green technology products. Sanyo, the world's largest producer of rechargeable batteries for laptop computers, digital cameras and mobile phones, is poised to capitalize on the auto industry's shift to hybrid and electric cars. Maybe people remember Sanyo's solar-powered "green" cameras at IFSEC 2007? I'd of course love to see Panasonic embrace green practices in the security industry as part of this greening of the company in general. Still, this deal isn't exactly done yet: Panasonic said it will commence by the end of February a tender offer for Sanyo shares at Ã‚Â¥131 ($1.50) each, a 4% discount to Sanyo's Friday closing price of Ã‚Â¥136. Panasonic plans to issue up to Ã‚Â¥400 billion in debt from next year to finance part of the acquisition. A lot of things can happen between now and February.