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BRIEF-Panasonic offers ToB for shares of PanaHome instead of stock swap
April 21, 2017 / 9:53 AM / 8 months ago

BRIEF-Panasonic offers ToB for shares of PanaHome instead of stock swap

April 21(Reuters) - Panasonic Corp

* Says it will no longer do share swap with its unit PanaHome

* Says it plans to spend 92.4 billion yen on tender offer for all remaining shares of unit PanaHome, offering to pay 1,200 yen per PanaHome share

* Offering period from April 28 to June 13

* Settlement starts June 20

Source text in Japanese:goo.gl/d9i7tk

Further company coverage: (Beijing Headline News)

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