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Bidders emerge for ailing JVC

March 12th, 2007 · No Comments

Panasonic parent Matsushita Electric has received two bids for JVC: one from Texas Pacific Group and the other from Cerberus Capital Management. While Matsushita isn’t talking about the specifics of each bid, it’s thought that the TPG is looking to buy out all of JVC’s stock, while Cerberus is proposing a management buyout. The future of JVC is likely to be settled by the end of March, in line with Matsushita’s financial year end.

Tags: Miscellaneous items · Trade

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