GLOBALES: Panasonic says it switches to all-cash offer to buy out PanaHome
Reuters / TOKYO Japanese electronics maker Panasonic Corp ( 6752.T ) said on Friday it has decided to make an all-cash offer to buy the rest of PanaHome Corp ( 1924.T ) worth 92.4 billion yen ($846.9 million), cancelling an earlier stock-swap agreement.

Panasonic already owns 54.18 percent in PanaHome and it offers to pay 1,200 yen per share to acquire the rest of the shares, it said in a statement.

The offer represents a 16.4 percent premium to Friday's closing price.

Panasonic said last year it had agreed to buy out its subsidiary through an all-stock deal.

($1 = 109.1100 yen)



(Reporting by Taiga Uranaka; Editing by Gopakumar Warrier)

GLOBALES: Panasonic says it switches to all-cash offer to buy out PanaHome

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