Deals
Sharp Shares Dip After Report of Wider Losses in Fiscal 2015
- The Japanese company is in final takeover talks with Foxconn
- Sharp has said it probably missed forecasts because of China
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Sharp Corp. shares fell after the Nikkei reported that the electronics manufacturer may post a wider loss for the current fiscal year than analysts had anticipated.
Sharp is in the final stages of negotiations with Foxconn Technology Group, which is seeking to acquire the maker of Aquos televisions after years of wrangling. Foxconn has held off on signing a final deal for more than a month as it looks more closely at Sharp’s finances, especially its performance in the current quarter.