TOKYO (Reuters) – Japan’s Panasonic Corp said it acquired 50.2 percent of Sanyo Electric Co Ltd, the world’s largest rechargeable battery maker, for 403.8 billion yen ($4.6 billion), as shares of Sanyo jumped the most in six months on the completion of the deal.

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Panasonic nabs 50.2 pct of Sanyo for $4.6 billion