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The Federal Trade Commission Tuesday, Nov. 24, approved Panasonic Corp.'s proposed $9 billion purchase of high tech manufacturer Sanyo Electric Co. Ltd., conditioned on the divestiture of Sanyo's portable nickel metal hydride battery business to FDK Corp., a subsidiary of Fujitsu Ltd.

The Sanyo assets are based in Takasaki, Japan, and include a manufacturing plant. The sale must be completed in a month. The deal was announced in December 2008.

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NOT A SUBSCRIBER? FTC approves purchase of Sanyo Posted on November 25, 2009 10:30 AM The Federal Trade Commission Tuesday, Nov. 24, approved Panasonic Corp.'s proposed $9 billion purchase of high tech manufacturer Sanyo Electric Co. Ltd., conditioned on the divestiture of Sanyo's portable nickel metal hydride battery business to FDK Corp., a subsidiary of Fujitsu Ltd. The Sanyo assets are based in Takasaki, Japan, and include a manufacturing plant. The sale must be completed in a month. The deal was announced in December 2008. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 1,026 in-depth reports of M&A deals in the Technology sector 75 company pages related to Japan 60 articles related to Sanyo Electric Co. Ltd. 19 in-depth transaction records for Panasonic 10 years of news and analysis archives from the voice of The Deal Economy Most-searched keywords Amusement parks Skadden Arps Deb Shops Windstream Corp. Diedrich Coffee Hanna Andersson Tween Brands Entertainment Lazard Lyondell Chemical		EXISTING USERS Username Password Forgot your password? Missing a product?

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FTC approves purchase of Sanyo