Panasonic has agreed with the Americans on the purchase of Sanyo.

Panasonic Company has agreed with the three main co-owners of Sanyo for the sale of shares in the latter, reports The Wall Street Journal. Earlier, American INVESTBANK Goldman Sachs refused to sell his shares owned by Sanyo, referring to their undervalued by Panasonic.
In accordance with the agreement, Panasonic buys 70 percent of Sanyo shares from banks Sumitomo Mitsui Banking, Daiwa Securities SMBC and Goldman Sachs for 131 yen (1.48 dollars) per share. Initially, Panasonic offered per share Sanyo 120 yen (1.3 dollars), later increased the offer to 130 yen (1.4 dollars).
As a result, Panasonic Sanyo cost of 800 billion yen, which corresponds to 9.01 billion dollars. The three largest shareholders of Sanyo won 560 billion yen (6.3 billion dollars).
The intention to buy Panasonic Sanyo became known in early November. In early December, the American INVESTBANK Goldman Sachs Sanyo felt unappreciated and refused to sell it owned 29 percent of the shares Sanyo.