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Panasonic in Sanyo tie-up

Panasonic is to acquire rival Japanese electronics maker Sanyo for up to 800bn yen (£5.9bn) in a public tender offer.

Top shareholders - including Goldman Sachs - agreed to the takeover to create one of the world's biggest electronics companies.

It will allow Panasonic to add Sanyo's strengths in green energy - solar panels and rechargeable batteries - to its sprawling product line up.

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