The Federal Trade Commission on Tuesday approved the $9 billion merger of Panasonic Corp. and Sanyo Electronic Co. — on one condition.

To satisfy the FTC’s anti-competitive concerns, Sanyo must sell its portable nickel metal hydride (NiMH) battery business, including a manufacturing plant in Japan. The two companies are the world’s largest makers of such batteries, which power products including two-way radios used by police and fire departments throughout the United States.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]