Japan Fund Said to Shelve Sharp Investment, Mull LCD Spinoff

  • INCJ plan involves merging LCD business with Japan Display
  • Sharp surged 11 percent after earlier report of INCJ deal

Innovation Network Corp. of Japan has put off a plan to invest about 200 billion yen ($1.6 billion) in Sharp Corp. after the government-backed fund failed to agree on terms with the struggling company’s banks, the Kyodo news agency reported.

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