News Article
Sanyo scraps semiconductor sale plan
Shares of Sanyo Electric Co. have fallen in Tokyo after the electronics maker abandoned negotiations with Advantage Partners LLP over the sale of its semiconductor-making business.
Shares of Sanyo Electric Co. have fallen in Tokyo after the electronics maker abandoned negotiations with Advantage Partners LLP over the sale of its semiconductor-making business.
Sanyo had been holding talks with the leveraged buyout fund over the sale of its wholly owned subsidiary Sanyo Semiconductor Co. The company has said that they will continue to take measures to expand and develop the business as part of the Sanyo Group.
Sanyo had been holding talks with the leveraged buyout fund over the sale of its wholly owned subsidiary Sanyo Semiconductor Co. The company has said that they will continue to take measures to expand and develop the business as part of the Sanyo Group.
