TOKYO, Nov 26 (Reuters) - Goldman Sachs has told Panasonic Corp it wants to halt talks on the possible sale of Goldman's stake in Sanyo Electric because the offer is too low, the Nikkei business daily reported on Wednesday.
Panasonic, Japan's largest electronics company, said earlier this month that it planned to buy smaller rival Sanyo, but the two companies' main shareholders have yet to agree on a price.
Panasonic on Monday proposed a tender offer price of 120 yen for each of the many preferred stocks the U.S. investment bank holds in Sanyo, but Goldman demands a price of at least 250 yen, the report said.
Goldman Sachs's spokespersons in Japan were not immediately available for a comment on the report.
Sanyo shares fell 2.5 percent to 156 yen on Tuesday on the back of Panasonic's reported tender offer.
(Reporting by Yumiko Nishitani)