Deals
Panasonic Says Ready to Spend $1 Billion on New Deals
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Panasonic Corp. said it can afford a deal worth 100 billion yen ($1 billion) as the maker of electric-car batteries and solar panels looks to expand its automotive and housing businesses.
Acquisitions could include adding a company that can advance its auto technology or an overseas marketing channel for its home-related unit, Chief Financial Officer Hideaki Kawai said Nov. 8. The maker of parts for Tesla Motors Inc.’s electric vehicles last month announced a $460 million deal for a 90 percent stake in an Istanbul-based wiring device maker.