Matsushita Electric Industrial Co plans to merge with its majority-owned international marketing company Matsushita Electric Trading Co to create Matsushita Electrical Industrial Co, with completion set for April 1: both companies are quoted in Tokyo, and Trading will declare a 15% dividend of shares to account for the difference in value, whereupon shares will be […]
Matsushita Electric Industrial Co plans to merge with its majority-owned international marketing company Matsushita Electric Trading Co to create Matsushita Electrical Industrial Co, with completion set for April 1: both companies are quoted in Tokyo, and Trading will declare a 15% dividend of shares to account for the difference in value, whereupon shares will be exchanged one-for-one; reason for the move is said to be the parent’s desire for closer control over its international marketing partner.
