Foxconn Seeks to Lower Sharp Value


Concerns about potential liabilities (Foxconn Delays Sharp Acquisition) have led to Foxconn seeking to reduce the amount it will pay for Sharp in an acquisition. The news comes from Japan’s Yomiuri Shimbun which also said that concern about contingent liabilities were not proving a barrier to the deal.

Foxconn’s investment in new equity to be issued by Sharp could shrink by 10% – 20%. The Yomiuru says that agreed price for the acquisition was ¥489 billion ($4.4 billion).