Panasonic is looking to raise funds by selling shares in the healthcare unit, whose products include blood sugar monitoring equipment, hearing aids and electronic medical record-keeping systems.
The deadline for the second round of bids is set for Monday. U.S. investment fund Bain Capital has teamed up with Japanese trading house Mitsui & Co Ltd and Development Bank of Japan Inc for the auction, said the sources, who were not authorized to discuss the matter publicly.
Panasonic is expected to shortlist a bidder in early September for exclusive negotiations, the sources said.
(Reporting by Taiga Uranaka and Taro Fuse; Editing by Edmund Klamann)
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