Sharp Due Diligence “Mostly Done”


Reuters says that Sharp and Foxconn are now moving forwards with the acquisition deal (Sharp Accepts Foxconn Bid), which was delayed last week due to clarifications required on Sharp liabilities (Foxconn Delays Sharp Acquisition).

A source told Reuters that most of the due diligence had been completed, and that discussions are set to conclude this week. Foxconn chairman Terry Gou is currently in Bangkok, to take part in a business expansion meeting sponsored by Sharp.