Daily Traders Edge

Foxconn seals $3.5 billion takeover of Sharp as executives seek to shake off doubts

April 02
08:11 2016

SAKAI, Japan (Reuters) – Foxconn and Sharp Corp on Saturday formally signed a long-awaited deal that would see the Taiwan firm take control of the Japanese display maker, as executives sought to dispel lingering doubts over whether Sharp can turn around its ebbing fortunes.

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