FTC Announces Proposed Consent Agreement for Panasonic and Sanyo
The Federal Trade Commission (FTC) has accepted proposed consent orders from Panasonic Corporation. The orders are designed to remedy the anti-competitive effects of Panasonic's proposed acquisition of 100% of the voting securities of Sanyo Electric Co., Ltd. Under the terms of the consent agreement, Sanyo will divest its assets relating to the manufacture and sale of portable NiMH batteries to FDK Corporation, a subsidiary of Fujitsu, Ltd.
