UPDATE 1-Sanyo: no plan to shut businesses because of takeover

Newswire

* Overlaps with Panasonic no cause for withdrawal-president * Shares down 1.2 pct vs Nikkei's 1.5 pct gain OSAKA, Dec 24 (Reuters) - Japan's Sanyo Electric Co Ltd said its takeover by Panasonic Corp is unlikely to cause the world's largest rechargeable battery maker to withdraw from any of its existing businesses. Panasonic this month acquired a majority stake in Sanyo, raising investor concerns over the fate of some of Sanyo's operations that overlap with Panasonic's, such as ...

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