12.05.2008 23:22 Uhr, Quelle: Engadget

JVC, Kenwood to merge under JVC Holdings

Filed under: Home EntertainmentEvery bean-counter knows that falling prices and shrinking margins add up to one thing - cost-cutting pressure. Now we get word that JVC and Kenwood are merging underneath a single holding company, aptly named JVC Holdings. Hopes are high for the new company, with plans to quadruple profit in three short years by focusing on car and home audio. Expect to see more of this kind of merger/acquisition activity, especially among small- to medium-sized companies as more competition -- especially from South Korea and China -- ramps up. Every JVC share will be exchanged fo

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