(Bloomberg) -- The perceived risk of owning the
debt of Victor Co. of Japan Ltd., the country's fourth-largest
television and stereo maker, may fall to the lowest this year
because investors overestimate the chance of credit downgrades,
according to BNP Paribas SA.
Matsushita Electric Industrial Co., which owns more than 52
percent of Victor, plans to sell the unit to Kenwood Corp.,
people familiar with the matter said June 23. Japan's largest
consumer electronics manufacturer will sell some of the stake to
Sparx Group Co., Kenwood's biggest shareholder, Nikkei English
News reported. Matsushita and Victor are ``desperately''
considering the best way to raise corporate value, Matsushita
President Fumio Ohtsubo told investors yesterday.
Read more at Bloomberg Bonds News
debt of Victor Co. of Japan Ltd., the country's fourth-largest
television and stereo maker, may fall to the lowest this year
because investors overestimate the chance of credit downgrades,
according to BNP Paribas SA.
Matsushita Electric Industrial Co., which owns more than 52
percent of Victor, plans to sell the unit to Kenwood Corp.,
people familiar with the matter said June 23. Japan's largest
consumer electronics manufacturer will sell some of the stake to
Sparx Group Co., Kenwood's biggest shareholder, Nikkei English
News reported. Matsushita and Victor are ``desperately''
considering the best way to raise corporate value, Matsushita
President Fumio Ohtsubo told investors yesterday.
Read more at Bloomberg Bonds News
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