Panasonic To Tender Offer For Sanyo & Panasonic Elec

Panasonic Corporation announced that Panasonic will acquire shares of Sanyo Electric Co., Ltd. and Panasonic Electric Works Co., Ltd. through a tender offer. The maximum cost for Panasonic is expected to be 818 billion yen. Panasonic also announced that Panasonic will file a Shelf Registrations Statement in Japan for offerings of shares of common stock.