Panasonic in talks to acquire lighting supplier ZKW for USD1 billion – report
Two companies could sign basic agreement regarding acquisition as early as this month
Panasonic is in advanced stage of talks to acquire Austrian automotive electronics and lighting supplier ZKW, Reuters reported on 4 December, citing a person familiar with the matter. Further, Nikkei reported today (5 December) that the deal could worth USD1 billion and the two companies could reach a basic agreement as early as this month.
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