Foxconn is ready to buy the entire Sharp

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POSTER: computer news   ||    FOXCONN IS READY TO BUY THE ENTIRE SHARP	DATE:2016-01-22
The interest of the Taiwanese giant Hon Hai Precision Industry (Foxconn) in Sharp assets , according to some, remains a cause for haggling with Japanese corporations creditors who expect to get their money after the acquisition of Sharp sovereign wealth fund INCJ. The latter, of course, seeks to save money and make the most of not only administrative resource, but also the patriotic feelings of the Japanese bankers. The Wall Street Journal reports the next spiral of intrigue around the distress of the Japanese corporation Sharp. Now Foxconn expects to acquire all the assets of the company for $ 5.3 billion. - twice more than willing to give the Japanese investment fund INCJ, compensating generosity of the presence of moderate leverage over creditors. One of the Japanese minister said last week that the national industry is a world leader, and the government would like to do everything possible to support it. Foxconn is ready not only to pay for Sharp more, but also take on the problem of settlements for the debts of the Japanese corporation.. Taiwanese investor plans to keep the management team Sharp, to alleviate fears of foreign intervention. The decision may be made as early as February 4 when Sharp will report on the results of the quarter. Brand Sharp, which Hon Hai Precision Industry can inherit assets, along with the Japanese corporation, finds application in the production of household electronics, while displays of Japanese production to Foxconn is now a paramount value, justifying the conclusion of the transaction. The head of Foxconn already owns 38% stake in the joint venture Sakai Display Products, but full control over the Sharp offers more features. Related Products :

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