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Matsushita To Sell JVC To KENWOOD?
Matsushita Electric Industrial Co. has decided to sell its stake in Victor Co. of Japan and is negotiating with prospective buyer Kenwood Corp., sources said Saturday. Matsushita, which has a 52.4 percent stake in JVC, plans to complete its latest round of structural reforms by removing JVC from group earnings, the sources said. JVC President Masahiko Terada is believed to have met with Kenwood President Haruo Kawahara earlier this month.
Jerry Jones
