Ron Burgundy Posted February 27, 2016 Share Posted February 27, 2016 Sharp Corp's list of liabilities that prompted Taiwan's Foxconn to suspend signing a takeover deal was an unverified study of worst-case scenario risks, rather than liabilities requiring disclosure, a source briefed on the matter said. The list, sent to Foxconn on Wednesday, included previously undisclosed potential liabilities worth around 300 billion yen ($2.6 billion), prompting Foxconn founder and billionaire Terry Gou to hold off signing the estimated $5.8 billion deal, separate sources have said. Reuters was unable to ascertain why the list was sent to Foxconn, formally known as Hon Hai Precision Industry Co. Top Sharp officials had not examined the list and had not planned to share it with Foxconn, the source told Reuters on Saturday, declining to be identified because of the sensitivity of the matter. View the full article Quote Link to comment Share on other sites More sharing options...
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