Panasonic (PC) will acquire the shares of common stock of SANYO Electric Co (SANYY) through a tender offer, Panasonic announced.
Panasonic currently owns 50.5% of the aggregate number of SANYO's issued shares following a 2009 tender offer, Panasonic said in a statement.
The new tender offer will begin Aug. 23 and end on Oct. 6. The purchase price will be 138 yen ($1.5836) per share of common stock. No minimum or maximum number of shares to be purchased has been established
Introduction to ETFs
The basics of Exchange Traded Funds and why ETFs are hot.View Course »