(Reuters) - TOKYO, July 6 - Pioneer Corp. said it
expects a one-year delay in hitting its mid-term profit target
and that the electronics maker may step up cross-shareholdings
with financial institutions to fend off hostile takeover bids.
Pioneer President Tamihiko Sudo also said in an interview
with Reuters that the company will decide whether to build a new
plasma panel plant by October 2007. The new plant, if built,
would start commercial production by early 2009.
Read more at Reuters.com Mergers News
expects a one-year delay in hitting its mid-term profit target
and that the electronics maker may step up cross-shareholdings
with financial institutions to fend off hostile takeover bids.
Pioneer President Tamihiko Sudo also said in an interview
with Reuters that the company will decide whether to build a new
plasma panel plant by October 2007. The new plant, if built,
would start commercial production by early 2009.
Read more at Reuters.com Mergers News
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