KKR, Toshiba Said to Proceed in Bidding for Panasonic unit

KKR, Toshiba Said to Proceed in Bidding for Panasonic unit

Junko Kimura/Bloomberg

Attendees visit the Panasonic Corp. booth at the CEATEC Japan 2012 exhibition in Chiba, Japan. Panasonic reversed its full-year profit target in October, forecasting a deficit 30 times bigger than analyst estimates as sales of TVs, handsets and personal computers slumped.