Market Overview

Panasonic to Absorb Panasonic Eco Solutions Power Tools

Panasonic Corporation (NYSE: PC) today announced
that its Board of Directors has decided and signed an agreement to
absorb Panasonic Eco Solutions Power Tools Co., Ltd. (PESPT), a
wholly-owned consolidated subsidiary of Panasonic. This merger is
expected to take effect on April 1, 2013.Details of the merger are
outlined below.

1. Purpose of the Merger

Panasonic aims to expand sales with utilizing the sales channels of the
Company mainly in Asia and strengthen the cost competitiveness by
commonalizing indirect personnel.

 

See full press release

Posted-In: News Guidance Asset Sales Management M&A Global

 

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