Panasonic continues to be joining up with Victor Co. of Japan, which in 2008 merged with Kenwood being JVC Kenwood, since 1954. But yesterday JVC Kenwood introduced [JP, PDF] that Panasonic, its biggest investor and business partner, goes alone later on.
Large P looks like it's prepared to sell 24,225,400 of their shares, a move that can make the organization the seventh-biggest investor in JVC Kenwood.
So far as voting privileges are worried, Panasonic s stake will drop from 19.28% (by September 30, 2011) to at least one.75%. Panasonic is likely to set a cost for that shares between The month of january 17 and 19. Actual sales are scheduled to begin in the finish from the month, with the organization being set to eventually sell all its remaining shares in JVC Kenwood sooner or later later on.
Panasonic cut its management ties with JVC Kenwood prior to this ending from the capital relationship, namely throughout a investors conferences in April this past year.
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