JVC, Kenwood in capital alliance, eye merger

(Reuters) - Kenwood will buy 20 billion yen worth of JVC shares, taking
a 17 percent stake in the Yokohama-based company, while Sparx
will buy 15 billion yen worth of shares, acquiring a 12.8
percent stake.




The new share issue will lower Matsushita's stake to 36.8
percent.


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