(Reuters) - "Senior executives from both companies are studying ways to
improve corporate value," Fumio Ohtsubo told an annual
shareholders' meeting, adding that Matsushita would make public
its plans for JVC when an official decision has been made.
Sources told Reuters on Saturday that JVC will likely merge
audio equipment maker Kenwood Corp. under a joint
holding company as early as 2008. Matsushita, which holds 52.4
percent of JVC, is expected to sell its shares to the holding
company.
Read more at Reuters.com Mergers News
improve corporate value," Fumio Ohtsubo told an annual
shareholders' meeting, adding that Matsushita would make public
its plans for JVC when an official decision has been made.
Sources told Reuters on Saturday that JVC will likely merge
audio equipment maker Kenwood Corp. under a joint
holding company as early as 2008. Matsushita, which holds 52.4
percent of JVC, is expected to sell its shares to the holding
company.
Read more at Reuters.com Mergers News
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