OSAKA -- Hon Hai Precision Industry Chairman Terry Gou is in Japan holding late-stage talks on a deal to buy embattled electronics giant Sharp, with both sides seeking to conclude by Monday.
He is negotiating with President Kozo Takahashi. If the deal is reached, which could be later than Monday, the two companies will make the announcement in a press conference, .
Sharp's board voted to approved a purchase by Hon Hai, or Foxconn, on Feb. 25. But the Taiwanese conglomerate decided on the same day to hold off on the final handshake to review a list of contingent liabilities submitted by Sharp on Feb. 24. read the rest here