Friday, 22 May 2015
Last updated 2 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…