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30

Morning Agenda: Foxconn Strikes Deal for Sharp

By Tony Seruga

FOXCONN STRIKES DEAL FOR SHARP | Foxconn is grappling with rising labor costs in China and a slowdown in the global smartphone market, but it managed to forestall its weakening relationship with Apple by striking a deal to acquire the screen maker Sharp of Japan for $3.5 billion,
Paul Mozur reports in DealBook.

Foxconn said it would take over 66 percent of Sharp, with a total investment of 389 billion yen, or about $3.5 billion. Foxconn is buying ¥289 billion worth of common Sharp shares and an additional ¥99.99 billion worth of nonvoting preferred shares…

Morning Agenda: Foxconn Strikes Deal for Sharp

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