Sharp Corporation, which has about $6.2 billion in interest bearing debt, has been offered a revised deadline and lowered interest rate on lending from two major banks. The company has also been offered other forms of financial support to help speed up Foxconn Technology’s planned acquisition of the Japanese electronics maker’s assets.
Hon Hai Precision Industry, commonly known as Foxconn, halted the acquisition process worth up to $5.8 billion after receiving previously unrevealed documents pertaining to contingent liabilities of up to 300 billion yen or about $2.6 billion. read more here