Deals
INCJ Sticks by Sharp Rescue Plan as Foxconn Talks Continue
- Fund chief Shiga says proposal will keep Sharp independent
- Foxconn said Sharp has until Feb. 29 to decide on rival offer
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Innovation Network Corp. of Japan is confident Sharp Corp. will see its rescue plan as superior to a competing bid even as the struggling electronics maker enters talks with Taiwan’s Foxconn Technology Group.
“We are not giving up,” INCJ Chief Executive Officer Toshiyuki Shiga said in an interview in Tokyo on Wednesday. “Ours is clearly the better option for Sharp.”