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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (61377)	3/4/2002 10:43:23 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Aiwa Shares Fall, Extend Decline After Sony's Buyout Plan By Hiroshi Suzuki quote.bloomberg.com Tokyo, March 5 (Bloomberg) -- Aiwa Co. shares fell as much as 13 percent, extending declines after its parent company Sony Corp. announced plans to take full control of the maker of mini-disc players and low-priced stereo sets. Sony, which owns 61 percent stake of the Tokyo-based unit, will buy the remaining stake by offering 2.5 million new Sony shares. Aiwa shares were most recently traded at 321 yen, or down 13 percent from yesterday's close. The price is also 41 percent lower than its level prior to Sony's announcement last Thursday.