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Hitachi, Canon and Matsushita Reach Basic Agreement on LCD Panel Business

Hitachi, Ltd. (NYSE:HIT) (TOKYO:6501) (“Hitachi”), Canon Inc. (NYSE:CAJ) (TOKYO:7751) (“Canon”) and Matsushita Electric Industrial Co., Ltd. (NYSE:MC) (TOKYO:6752) (“Matsushita”) today reached a basic agreement on a comprehensive alliance aimed at reinforcing and growing the liquid crystal display (“LCD”) panel businesses and technologies. Under this alliance, the three companies will merge their strengths to accelerate the [...]

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