Sanyo denies Merger Talks with Matsushita

Apr 28 2008, 1:00am CDT | by Luigi Lugmayr

Sanyo issued a statement denying media reports of a possibly merger with Matsushita.

The information picked up by Reuters is from the Japanese Yomiuri newspaper.Sanyo says that this information is not announced by SANYO or Matsushita, and are untrue.

Still the Sanyo stock rose by about 9%.
Via the Sanyo site.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.