Panasonic Announces the Extension of the Period of the Tender Offer for SANYO Shares and Other Related MattersTechno Sun
OSAKA, Japan, Nov 25, 2009 (BUSINESS WIRE) — Panasonic Corporation (NYSE:PC/ (TSE: 6752 the “Company”) announces today that it has submitted an Amendment Statement for the Tender Offer Registration Statement to the Director-General of the Kanto Local Finance Bureau, pursuant to Article 27-8, Paragraph 2 of the Financial Instruments and Exchange Law of Japan for the November 4 announcement of Panasonic Corporation’s intent to acquire the shares (all of the common shares, the Class A preferred shares, and the Class B preferred shares) of SANYO Electronic Co., Ltd. (TOKYO:6764, the “Target”) through the tender offer (the “Tender Offer”). As a result of this submission of the Amendment Statement, in accordance with Article 27-8, Paragraph 8 of the Financial Instruments and Exchange Law of Japan, the period of the Tender Offer (the “Tender Offer Period”) is extended.
Public Notice for Amendment to the Terms and Conditions, Etc. of the Tender Offer regarding such extension of the Tender Offer Period was given today (the public notice has been made electronically available at: http://info.edinet-fsa.go.jp/ and a notice will be published in the Nihon Keizai Shimbun without delay).