TOKYO: Talks for Taiwan's Foxconn to acquire a majority stake in Japan's Sharp Corporation are "on the right track", people familiar with the matter said on Monday, after a last-minute hitch over contingent liabilities caused delays last month.
Discussions are set to conclude this week, one person said, adding that most of the due diligence is done.
Foxconn late last month suspended the signing of a deal to take over the loss-making Japanese electronics firm, citing the emergence of new material information. The announcement came after Sharp's board voted in favour of Foxconn's offer, estimated at nearly $6 billion. read the rest here
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