Goldman Sachs (GS) rejects a sweetened bid from Panasonic (PC) on Sanyo (SANYY.PK) shares, and...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman Sachs (GS) rejects a sweetened bid from Panasonic (PC) on Sanyo (SANYY.PK) shares, and threatens to launch a counter bid. Panasonic's new offer of ¥130 ($1.39) per share is still 12% below Sanyo's current market price.