(Reuters) - Kenwood, a maker of audio equipment and car electronics, is
in talks to buy 20 billion yen worth of new
shares from JVC and then merge operations with JVC under a
joint holding company, said several sources.
Matsushita would then sell part of its 52.4 percent stake
in JVC to the holding company. Matsushita is aiming to get
loss-making JVC off its consolidated accounts, but would likely
hold on to some of its shares, the sources said.
Read more at Reuters.com Bonds News
in talks to buy 20 billion yen worth of new
shares from JVC and then merge operations with JVC under a
joint holding company, said several sources.
Matsushita would then sell part of its 52.4 percent stake
in JVC to the holding company. Matsushita is aiming to get
loss-making JVC off its consolidated accounts, but would likely
hold on to some of its shares, the sources said.
Read more at Reuters.com Bonds News
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