Wednesday, April 25, 2007

UPDATE 1-GE closer to successful bid for Sanyo Elec Credit

(Reuters) - The acquisition would likely help it expand its customer base because Sanyo Electric Credit focuses on smaller firms.

Struggling electronics maker Sanyo Electric, which is seen likely to book its third straight annual loss and is under investigation by Japan's securities watchdog for possible accounting problems, said it would tender its entire 16.7 percent stake.


Read more at Reuters.com Mergers News

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