Panasonic to Make Sanyo a Wholly Owned Subsidiary Dec 22, 2010

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Panasonic Corp. and Sanyo Electric Co., Ltd. plan to conduct a share exchange that made Sanyo a wholly owned subsidiary of Panasonic.

The share exchange is expected to be implemented after the share exchange agreement is approved by resolution of an extraordinary general meeting of shareholders of Sanyo, scheduled for Mar. 4, 2011.

Sanyo is scheduled to be delisted as of Mar. 29, 2011.

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