Panasonic (PC) and Sanyo (SANYY.PK) confirm they're entering negotiations "to form a capital and...

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

Panasonic (PC) and Sanyo (SANYY.PK) confirm they're entering negotiations "to form a capital and business alliance" to achieve "potential revenue and profit growth," with the aim of turning Sanyo into a Panasonic subsidiary. PC -3.8% and Sanyo -0.5% in Tokyo.