Panasonic's Tender Offer For Sanyo At Last

Panasonic Corp. plans to launch its tender offer for Sanyo Electric Co. this week now that most global antitrust watchdogs have given their blessings to the planned acquisition, according to Nikkei. Panasonic and Sanyo had originally announced their plan a year ago, but the process has been delayed as antitrust regulation in 11 major markets have closely evaluated potential competition issues.