Japan and the United States and Europe have been conditionally approved by the Chinese government Panasonic Sanyo swallowed Ultra 30 billion

Japanese electronics giant Matsushita company in the United States and Europe to obtain Japanese and the Chinese Government’s conditional approval, through the TOB (the public stock acquisition) mode on the laptop battery giant Sanyo company’s M & A activity was officially launched yesterday. The acquisition is expected the amount of ¥ 402,299,000,000 (about 30.2 billion yuan).

Have been identified as the acquisition will be a success, the company has the target point to the world. As of March this year, statistics show, Panasonic , sony battery and Sanyo combined annual sales of 9.5361 trillion yen, dell laptop battery more than Sony’s nearly 2 trillion yen, close to Hitachi’s 10.3 trillion yen.

It is reported that Matsushita would fetch a price given by the company ¥ 131 per share, well below the 4, the closing price of ¥ 216, is expected to transfer its common shareholders will not enthusiastic in the hands of shares held by Sanyo. However, Matsushita as early as last December announced the acquisition of Sanyo, the Sanyo had with the three major shareholders - Goldman Sachs Group, Daiwa Securities and Sumitomo Mitsui Banking Corporation reached an agreement on the transfer of shares. The above-mentioned three major shareholders of the combined equity ratio has reached 50.13%, so mergers and acquisitions will be successful in fact a virtual certainty.

Matsushita said in a statement sent yesterday, the two combined is some of the concerns about the economic outlook. SANYO Electric Co., agreed with the macroeconomic less transparent, and the financial crisis triggered by the global economic situation in backward shrinking market demand led to yen appreciation and the rising cost of materials brought to the operating pressure on China and other emerging countries, the continuous development of enterprises, laptop battery etc., The results suggested that the two companies face intense competition environment will be further intensified, individual will become more difficult for continued growth.

Matsushita president Fumio Ohtsubo hope to Panasonic’s energy-saving advantages of white goods, as well as the two sides formed after the fusion of solar batteries, fuel cells, rechargeable batteries and other technology and market lead, Matsushita will strive to make their business a hundred years (in 2018) the occasion of Bianshen become an integrated energy companies and the world’s first motor manufacturer.

According to reports, Panasonic and Sanyo in energy, electronics, Sony VGP-BPS8 battery , Sony VGP-BPS5 battery , Sony VGP-BPS9 battery components, digital, business, areas such as white goods are highly complementary, especially in the solar power generation Sanyo has technical advantages, while the Panasonic has a global sales network edge. Since the merger of the two giants may be in some markets, the formation of monopolistic advantage, a threat to competition in the market, which was scheduled to be completed in March this year, mergers and acquisitions have to be patient to wait for Japan, the United States, Europe and key markets such as China’s approval. The open market purchase will last until December 7. The acquisition is completed, Sanyo Electric and its subsidiaries in the ordinary course of business within the framework of normal business. After completion of the deal, Sanyo will continue to follow the previous brand, the stock will continue to market.