PanaHome Corp (1924.T)
29 May 2017
Latest Key Developments (Source: Significant Developments)
April 21(Reuters) - Panasonic Corp <6752.T>:Says it will no longer do share swap with its unit PanaHome.Says it plans to spend 92.4 billion yen on tender offer for all remaining shares of unit PanaHome <<<1924.T>>>, offering to pay 1,200 yen per PanaHome share.Offering period from April 28 to June 13.Settlement starts June 20. Full Article
Panasonic Corp <6752.T>: Says it to have executed a share exchange agreement to make Panahome Corp <1924.T> its wholly-owned subsidiary through share exchange on Aug. 1, 2017 . Says Panahome Corp to be delisted on July 27, 2017 .Says one share of Panahome can be exchanged for 0.8 share of Panasonic. Full Article
TOKYO Japanese electronics conglomerate Panasonic Corp has raised its offer to buy out subsidiary PanaHome Corp , in an effort to satisfy the housebuilder's shareholders, who were unhappy with the original bid.