(Reuters) - Shares of JVC, the loss-making electronics maker whose official name is Victor Co. of Japan Ltd., fell as much as 14 percent to 426 yen as the likely deal would involve it issuing new shares to Kenwood, diluting the value of existing JVC stock.
Talks with Texas Pacific fell apart after the private equity firm said it wanted JVC to sell off its music production business, and asked Matsushita to continue investing in JVC to bolster JVC's credit, sources close to the deal told Reuters.
Read more at Reuters.com Business News
Talks with Texas Pacific fell apart after the private equity firm said it wanted JVC to sell off its music production business, and asked Matsushita to continue investing in JVC to bolster JVC's credit, sources close to the deal told Reuters.
Read more at Reuters.com Business News
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