12/29/2008

Turkey's Grundig in Sony deal, shares surge

Reuters - Turkish television maker Grundig Elektronik said on Friday it had signed a letter of intent to produce Sony brand LCD televisions, sending Grundig's shares 18 percent higher. Grundig, formerly Beko Elektronik, said in a statement to the Istanbul Stock Exchange that two Sony Bravia models would be produced at the Grundig plant under the deal with Sony United Kingdom Limited.

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