Shareholders approve Panasonic name

    The decision was ratified at the company’s 101st annual shareholders’ meeting
    Author:
    Publish date:

    It’s almost official. Matsushita will now be known as Panasonic. At the company’s 101st annual shareholders’ meeting, the decision was ratified, with the change to become effective on Oct. 1. The company is bringing the achievements of three different names, Matsushita, National and Panasonic, under the single umbrella name of Panasonic.

    When it was first established in 1918, the company was known as Matsushita Electric Housewares Manufacturing Works, which was subsequently changed to Matsushita Electric Manufacturing Works in 1929.

    The company has been using the name Matsushita Electric Industrial Co., Ltd. since its incorporation as a joint stock corporation in 1935. As part of the new name change, Matsushita’s ticker symbol will change on the New York Stock Exchange from MC to PC.

    For more information, visit www.panasonic.net and www.panasonic-broadcast.com.

    Related

    News

    Shareholders Approve AT&T Broadband's Merger With Comcast

    AT&T Broadband shareholders recently approved a $27 billion merger with Comcast, which would create the nation's largest cable company, with approximately 22 million customers. The deal is still subject to regulatory approval. AT&T has been seeking approval from local franchise authorities to allow an official change

    Business

    Pinnacle Settles With DES Shareholders

    Pinnacle Systems resolved its earnout dispute with former shareholders of Digital Editing Services (DES). Pinnacle's acquisition of DES in March 2000 included a provision that allowed DES shareholders to receive an earnout payable in shares of the company's common stock based on certain financial results of DES operati