(Reuters) - The deal would lower Panasonic maker Matsushita's stake in
JVC to about 39 percent, taking the loss-making company off its
consolidated accounts.
Matsushita, the world's largest consumer electronics maker,
has been trying to reduce its JVC stake, worth about 48.5 billion
yen, because its persistent losses have been weighing on its
group-based earnings performance.
Read more at Reuters.com Mergers News
JVC to about 39 percent, taking the loss-making company off its
consolidated accounts.
Matsushita, the world's largest consumer electronics maker,
has been trying to reduce its JVC stake, worth about 48.5 billion
yen, because its persistent losses have been weighing on its
group-based earnings performance.
Read more at Reuters.com Mergers News
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