TOKYO, Dec 19 (Reuters) - Goldman Sachs Group Inc said on Friday it would tender its stake in Sanyo Electric Co to Panasonic Corp, after Panasonic announced its offer to buy Sanyo shares for 131 yen each.
"Given the rapidly changing environment, we came to the conclusion to sell our stake for the benefit of all Sanyo stakeholders," Goldman Sachs spokeswoman Miyako Takebe said.
Sanyo shares closed on Friday at 136 yen, down 3.6 percent from Thursday. (Reporting by Yumiko Nishitani)