FTC approves Panasonic/Sanyo deal

by Wally Northway

Published: January 11,2010

Tags: anti-trust, federal agency, mergers and acquisitions, retail

WASHINGTON — Following a public comment period, the Federal Trade Commission (FTC) has approved a final consent order on Panasonic Corporation’s acquisition of Sanyo Electric Co., Ltd.

The final order settles charges that Panasonic’s purchase of Sanyo would have undermined competition in the worldwide market for nickel metal hydride (NiMH) batteries, which power two-way radios and other products, and are used by police and fire departments nationwide.

The FTC vote approving the final order was 4-0.

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