Panasonic is repositioning a proposal for Sanyo Electric fto take over the ~70% stake owned by Goldman Sachs and Japanese banks Sumitomo Mitsui and Daiwa Securities, would bolster Panasonic's battery and solar areas, and give Sanyo financial clout. Meanwhile, after an initial offer and heavy speculation, Samsung has abandoned its $26/ share (~$5.85B) buyout offer for SanDisk-which then questioned its suitor's motives in the first place.
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