Just Do IT…

Sanyo is powerful, is still the world’s largest manufacturers of lithium batteries, then stood by the error channel and product strategy, a loss in 2004, the losses to a record ¥ 171,500,000,000. To create Sanyo took the U.S. Goldman Sachs, Sumitomo Mitsui Banking Corporation, Daiwa Securities three PA3383U-1BRS ， PA3395U-1BRS ， PA3399U-1BAS financial institutions a total of ¥ 300,000,000,000 of financing assistance. In return, the three major institutional investors have is access to 430 million Sanyo preferred stock (convertible preferred shares for every 10 ordinary shares) owns 70%. Create IUE Sanyo family denied the right, the Sanyo President SatoshiIue meeting was ousted worked, barely holding their “Director” of the place.

The monitoring of the Sanyo set the rights to operate the U.S. Goldman Sachs and other large shareholders to a number of business experts to form a new business team, but they do not want to save Sanyo, simply want the cake bigger cuts after the sale make is more conducive to the exercise of the highest investments in interests. Between the operators and investors are in a conflict of interest, Sanyo blocked the path of development have white goods and semiconductor operations into a new type of solar battery and charger sold-based “new energy development company.

Investment Sanyo is proud of Goldman Sachs. But after the outbreak of the financial tsunami crashed Sanyo has one third of market capitalization, shares of Goldman Sachs want to sell Sanyo shrunk. Sumitomo Mitsui Banking Corporation and the Sanyo is the issuer’s always been the firm Transaction Banking, which handles many of the collateralized debt obligations, shares. Thus, from April 2008 they began to search for the next home, Sanyo.

Many companies in Japan and abroad Sanyo butt showed great interest, but Matsushita to the final winner. Matsushita in fiscal 2008 net loss of ¥ 380,000,000,000 (about 3.85 billion U.S. dollars), hopes that its acquisition of Sanyo battery boost business. After the merger, Matsushita, not only in the field of solar cells less a formidable competitor, but also new energy R & D in Japan and the world leader.

November 7, 2008 in the afternoon, Panasonic announced that acquire Sanyo’s board of directors agreed to Panasonic by TOB (open shares acquired) to Sanyo.

Goldman Sachs to sell the search for a high price to offer negotiations with Matsushita intentionally twice rejected others, and let it be known their own priorities, to be exercised options to acquire shares of other shareholders Sanyo. At the end of Matsushita raised the price to ¥ 131 per share. It is reported that three major shareholders, Goldman Sachs, the purchase price just 70 yen per share.

For the same roots

Among the many Japanese companies Sanyo selection of Panasonic, Sanyo also be appropriate to the cost “, which is one important reason why the world is not known -” fingers “.

Sanyo Founder IUE-year-old man is also one of the founders of Matsushita, a former Matsushita Electric Industrial Co., Senior Managing Director (equivalent to Vice President). In addition, the founder of Matsushita, the Japanese company Matsushita God is his brother. In 1946, Japan defeated the period of post-war ruins, well-sik-year-old male leave the Panasonic, self-starter. Matsushita him his factory, the factory is today the Sanyo Corporation.

It is interesting that the Panasonic Sanyo headquarters and headquarters of the linear distance of only 2000 meters. For a long time to live, the two employees of the company a dwelling. Many families, PA3399U-1BRS ， PA3399U-2BAS ， PA3399U-2BRS ， PA3421U-1BRSthe husband works in Matsushita, Sanyo working women who are Panasonic Sanyo workers in kindergartens and children.

Many Japanese media that it precisely this stratum of origin so that the two sides together. One day in late October 2008, discussions took Matsushita President Fumio Ohtsubo and Sanyo President Seiichiro Sano, secret. According to sources at the talks, said Matsushita’s President said that he will respect the independence of the company Sanyo retain the name of the company and the brand Sanyo promised that “the employment Sanyo all employees.” Sanyo President will express our gratitude, “President Daping you really are the feelings of our people to understand.”