Friday 23 August 2019
News
archives

Foxconn lowers the value of their offer for Sharp   23 March 2016   


Sharp's future, chapter 36:  although the deal was on the very cusp of being accepted, the texts drafted and printed on vellum, special fountain pens ordered- Foxconn then dropped a counter proposal.

Foxconn took a rather dim view of their discovery, late in the day, that Sharp's debts were substantially higher that they had thought hitherto, and specifically that a whole ream of them had only just come to light.  So they lowered their offer for Sharp.

In January, Foxconn made an offer worth 4.7 million euros / 5.2 million dollars, and the lowered offer is rumoured to be more like 3.9 million euros, 4.33 million dollars - 17 per cent down.  The board of Sharp Electronics had already accepted the earlier deal, in February.  They will now have to consider and accept the new proposal, which is still higher than, and preferable to, the alternative offer from the Japanese government's investment fund, the INCJ.

tags : Sharp, Foxconn  



Datamaster Online (DMO) is a benchmarking portal: competitive information, analyses, evaluations, comparison tools, technical data, product strengths and weaknesses, TCO ... and much more.  An independent test lab.
To find out about DMO


22 Jul 2019  

09 Jul 2019  

09 Jul 2019  

09 Jul 2019  

09 Jul 2019  

09 Jul 2019  

05 Jul 2019  

04 Jul 2019  

04 Jul 2019  

02 Jul 2019  

18 Jun 2019  

07 Jun 2019  

23 Apr 2019  

19 Apr 2019  

17 Apr 2019  

08 Apr 2019  

28 Mar 2019  

27 Mar 2019  

20 Mar 2019  

13 Mar 2019  

01 Mar 2019  

13 Feb 2019  

05 Feb 2019  

04 Feb 2019  

01 Feb 2019  

01 Feb 2019  

28 Jan 2019  

22 Jan 2019  

14 Jan 2019  

02 Jan 2019  

List of linked news items, pages : 1    2    3    4    5    6    7    8    9    10    11    12    13    14    15    16    17    18    19    20   

access the Subscriber area

News structure
LinkedinTwitterViadeo
structure