• Most Popular
  • Most Shared

Goldman Sachs says no to Panasonic offer on Sanyo

Thu Dec 4, 2008 1:13am EST

Stocks

   

TOKYO, Dec 4 (Reuters) - Goldman Sachs (GS.N) said on Thursday it has rejected an offer from Panasonic Corp (6752.T) to buy its shares in Sanyo Electric Co Ltd (6764.T) because it believes the offer price is too low.

Stocks  |  Mergers & Acquisitions  |  Global Markets  |  Funds News  |  ETFs News

Panasonic has raised its offer by 10 yen to 130 yen for each share in Sanyo, a source familiar with the matter told Reuters.

Goldman said in an e-mailed statement that it did not believe the process and the price offered by Panasonic was fair for all Sanyo shareholders. (Reporting by Taiga Uranaka)

Stocks
Mergers & Acquisitions
Global Markets
Funds News
ETFs News


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets