Panasonic to Acquire SANYO Common Stock in Tender Offer

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%u2019s issued shares, following a 2009 tender offer Panasonic said in a statement.

Japanese Consumer Lenders Soar on Nikkei

Shares in Japanese consumer lenders surged on the news that plans are in the works for Osaka to become a special business zone. This would make it exempt from the heavy regulations that have strangled Japanese lenders with restrictions.