Japan's Sharp Corp (6753.T) and Taiwan's Foxconn agreed on
Friday to increase a deadline for takeover talks by way of one or weeks past Monday's deliberate expiry, a
person acquainted with the matter stated.
Foxconn, a main dealer to Apple Inc (AAPL.O) and recognised
officially as Hon Hai Precision enterprise Co (2317.TW), has been Sharp's
preferred candidate for a rescue deal.
Sharp on Thursday announced it had decided to sell a -thirds
stake to Foxconn, but the Taiwanese company put the deal on keep until it could
clarify what it known as "new fabric records" from Sharp.
assets said the final-minute hitch become because of
previously undisclosed liabilities at Sharp.
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