Foxconn hopes to save on the purchase of Sharp

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POSTER: computer news   ||    FOXCONN HOPES TO SAVE ON THE PURCHASE OF SHARP	DATE:2016-03-26
The first attempt of Hon Hai Precision Industry to acquire the assets of the Japanese corporation Sharp failed a few years ago because  the parties could not agree on a price.  Since the announcement of preliminary agreements  Sharp stock price, in full compliance with the translation of the company name,  has fallen sharply, and Chinese investors demanded conversion.  Further disagreement and did not allow the transaction to be realized. Some problems have been repeatedly postponed a deal this year, but now  Foxconn Sharp demonstrates the determination to buy the assets, even in the presence of the Japanese corporation some additional debt.  Judging by the scandal with financial reporting Toshiba, Japanese corporations have taken over the fashion to embellish the real situation. The final decision on the deal between Foxconn and Sharp will be made in the coming Wednesday at a meeting of the directors board of both companies.  Transaction sun will be concluded on Thursday.  According to preliminary information,  Foxconn was able to bring down the cost of the package additionally issued shares of Sharp with the initial $ 4.3 bn To $ 3.4 billion. It is expected that by 2018, Foxconn will expand capacity at Sharp mass production of OLED-panels for Apple smartphones future generations.  Time is running out, so Hon Hai Precision Industry demonstrates persistence in the negotiations with  Sharp, though, and do not forget about their own financial interests. Related Products :

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