Hardware
ò General Electric Co. disclosed its plans to make a tender offer worth up to US$1.1 billion for Japan's Sanyo Electric Credit Co., with the board of the credit service company reportedly supporting the tender offer. Sanyo Electric Credit Co. is a financial unit of Sanyo Electric Co., the electronics maker. GE said STV Partners, a wholly owned unit of GE, will offer Ñ3,250 yen $27.5 for each Sanyo Electric Credit share. Goldman Sachs Group is Sanyo Electric Credit's top shareholder, controlling an estimated 40 percent of shares. Sanyo Electric currently holds a 16.7 percent stake in the financial services company. Goldman Sachs Group acquired its stake in December 2005,...
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