Saturday, March 19, 2016

Foxconn / Sharp

Asian Review

While the latest round of due diligence has exposed no major issues, Hon Hai, a key iPhone assembler better known as Foxconn Technology Group, continues to comb through Sharp's financial and operational records with financial adviser JPMorgan, a source said. The research covers everything from inventory to staffing levels at the troubled electronics maker.
"Foxconn Chairman Terry Gou remains firm in his wish to buy Sharp," the person said. "The company is also still striving to ink the deal by the end of March, although Foxconn is now under huge time pressure to meet that deadline."

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