Tag Archives: Sharp

Sharp, Foxconn to sign deal next week – sources

Sharp Corp (6753.T) and Taiwan’s Foxconn are set to sign a takeover deal next week after repeated delays, with the two sides set to agree on a smaller bailout than originally planned for the troubled Japanese electronics maker, two sources familiar with the talks said on Saturday. The two companies will hold board meetings on Wednesday to approve… Read More »

Foxconn Postpones Sharp Agreement to Digest ‘New Information’

Taiwan’s Foxconn Technology Group won a board vote to take control of struggling Japanese electronics maker Sharp Corp. but then said it would postpone signing a definitive agreement because of “new material information.” Under an agreement announced by Sharp, Foxconn, the parent of Hon Hai Precision Industry Co., would control 65.9 percent of Sharp after buying new shares… Read More »

Sharp, Foxconn Chiefs to Meet After Takeover Deal Put on Hold: Report

The chief executives of Sharp Corp and Foxconn plan to meet on Friday in China, a person familiar with the matter said, a day after the world’s largest contract maker of electronic goods put its takeover of the Japanese firm on hold. Shares in Sharp slid 11 percent on Friday after sources said previously undisclosed liabilities were responsible… Read More »