Sharp Corp (6753.T) plans to choose between rival rescue offers as soon as Thursday, as a favored bid from Taiwan's Foxconn continues to be challenged by a Japanese state-backed investment fund, people with direct knowledge of the matter said.
The board of the ailing electronics maker met on Saturday to discuss the two takeover proposals, according to the sources, who requested anonymity because they were not authorized to speak to the media.
The company's 13-member board holds a regularly scheduled meeting on Wednesday, and aims to vote on the competing offers at an extraordinary meeting the next day, the sources said.
Sharp said earlier this month that it was devoting more resources to studying a deal with Foxconn, an Apple Inc (AAPL.O) supplier known formally as Hon Hai Precision Industry Co (2317.TW). read the rest here