For Release: November 24, 2009 FTC Order Sets Conditions for Panasonic’s Acquisition of SanyoMajor consumer electronics manufacturers Panasonic Corporation and Sanyo Electric Co., Ltd. have agreed to sell assets related to Sanyo’s portable nickel metal hydride (NiMH) battery business, including a premier manufacturing plant in Japan, as part of an agreement with the Federal Trade Commission that will preserve competition and allow the companies to proceed with Panasonic’s proposed $9 billion acquisition of Sanyo.