Sanyo Panasonic Merger To Spur Consolidation

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Two of the world's best-known consumer electronics brands, Sanyo and Panasonic, said on November 7 that they have entered into merger talks. Both Japanese companies have been struggling as they combat dwindling consumer demand and heavy competition in the country's overcrowded electronics sector. The pricing and the terms of the deal are expected to be announced by the end of the year; however, analysts are estimating that the deal could be worth around JPY862bn (US$8.8bn), representing an offer of JPY140 (US$1.43) per Sanyo share.