Panasonic’s bid to acquire Sanyo has finally reached Sanyo’s big accepted by the shareholders. Under the agreement, Panasonic will pay ¥131 ($1.50) per share for a 70% stake in Sanyo. This equates to a total cost of ¥560 billion ($6.41 billion). price may be considered. However, Panasonic considers this price to be normal due to the importance of Sanyo’s position in the solar and rechargeable batteries market.