Panasonic, Sanyo in talks on takeover

Deal would create one of the world's largest electronics companies


Panasonic shares fell 3.8 percent to 1,528 yen ($15.7). Sanyo edged down 0.5 percent to 203 yen ($2).

The invitation to the news conference came shortly after trading ended in Tokyo, but the issues jumped earlier in the week on Japanese media reports an announcement was imminent.


Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.