Saturday, 22 November 2014
Last updated 1 day ago
Nov 5 2009 | 9:23am ET
Japan’s Panasonic Corp. will make a formal takeover bid for Sanyo Electric Co., in a move that will make it a powerhouse in the cleantech sector.
Panasonic said Wednesday it had received enough assurance from world regulators to go ahead with the JPY 400 billion ($4.45 billion) deal. The takeover will give it a strong position in three green business areas: solar panels, fuel cells and rechargeable batteries for hybrid and electric vehicles.
European antitrust regulators approved the deal in September, and China gave it the green light on Friday, although it stipulated that Panasonic reduce its stake in a joint battery venture with Toyota. The deal has also received informal consent from U.S. regulators.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...