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Korea M&A Corporation
JVC,Kenwood agree on capital,business pact-sources
TOKYO, July 20 (Reuters) - Japan's JVC (6792.T: Quote, Profile, Research) has agreed to form a business and capital alliance with Kenwood Corp. (6765.T: Quote, Profile, Research) to boost its financial strength and keep up with fierce price competition, sources close to the matter said on Friday. Under the pact, struggling consumer electronics maker JVC, owned 52 percent by Matsushita Electric I..
News/M&A
2007. 7. 19. 04:23