Hon Hai Precision Industry (Foxconn) in an attempt to gain control of the Japanese corporation Sharp start lead to some positive changes for the benefit of a possible deal.
Recall that associated with the Japanese government investment fund INCJ offers no more than $ 2.7 billion. Foxconn is ready to offer $ 5.9 billion., Pay all debts and Sharp to provide guarantees of non-interference in the personnel policy. Now familiar with the negotiations sources claim that 13 members of the board will meet next Wednesday to the next day to vote in favor of a Sharp saving options. If the choice is made not in favor of Foxconn, at the last of the companies may be eligible for $ 890 million Compensation.
Main Sharp lenders, are not satisfied with smaller amounts of payments in the transaction, but also forces them to get rid of the preferred shares of the corporation, more sympathetic look toward Foxconn offers.