Friday, December 19, 2008

Panasonic buys Sanyo

Remember last month, when Panasonic offered 120 yen for Sanyo? Goldman Sachs said they wanted 250 yen.
http://www.businessweek.com/globalbiz/content/nov2008/gb20081126_327303.htm

Today Panasonic bought Sanyo for $131 yen. Today Goldman said they'd sell for the benefit of Sanyo holders.
http://finance.yahoo.com/news/Panasonic-to-buy-Sanyo-in-9-apf-13876655.html

That's price targets on Wall Street. They are fluid!

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