Panasonic (PC) offers ¥120 ($1.25) per share in its Sanyo (SANYY.PK) takeover bid, reports the...

|About: Panasonic Corp. ADR (PCRFY)|By:, SA News Editor

Panasonic (PC) offers ¥120 ($1.25) per share in its Sanyo (SANYY.PK) takeover bid, reports the Nikkei newspaper. Major shareholder Goldman (GS) is said to be seeking ¥250 to ¥300/share. Panasonic says it has not yet decided on an offer price.