Welcome to The Forum

Register now to gain access to all of our features. Once registered and logged in, you will be able to create topics, post replies to existing threads

Foxconn Seeking Guidance On Sharp Fourth-Quarter, Deal May Not Come This Week: Source


Ron Burgundy
 Share

Recommended Posts

File photo of a Sharp Corp showroom in TokyoBy J.R. Wu and Makiko Yamazaki TAIPEI/TOKYO (Reuters) - Foxconn has completed its due diligence on Japan's Sharp Corp through the end of 2015, but is seeking guidance from the loss-making electronics maker on its latest quarterly performance, a person familiar with the matter said. Foxconn, formally known as Hon Hai Precision Industry Co, is finalizing a takeover of Sharp, estimated to worth nearly $6 billion and marking the largest purchase of a Japanese tech firm by a foreign company. Investors are edge about the deal's prospects after a last-minute hitch last month over potential liabilities at Sharp and the display maker's shares slid 9 percent on Wednesday.




View the full article
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share