Along with reporting a better-than-expected FQ1 profit of ¥43.7B ($501M), Panasonic (PC) says...

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

Along with reporting a better-than-expected FQ1 profit of ¥43.7B ($501M), Panasonic (PC) says it's buying the shares it doesn't yet own of Sanyo Electric (SANYY.PK) and Panasonic Electric Works to streamline management and increase its green tech business. Panasonic is offering a maximum of ¥818.4B ($9.4B).