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Stock Market & Financial Investment News

News Breaks
November 4, 2012
20:27 EDTSHCAYSharp may seek government bailout, Bloomberg says
Sharp (SHCAY) may have to seek a bailout from the Japanese government after forecasting a record loss, says Bloomberg. Reference Link
News For SHCAY From The Last 14 Days
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February 9, 2016
06:28 EDTSHCAYINCJ pitches Sharp on intention for smart home-appliance giant, Bloomberg says
Innovation Network Corp. of Japan is trying to pitch Sharp's (SHCAY) board on intentions to establish a Japanese smart home-appliances giant, Bloomberg reports, citing people with knowledge of the matter. The move is an effort from the state-backed fund to convince Sharp to accept its bailout offer over a rival offer from Foxconn (HNHPF), the report says. INCJ also is preparing an offer for Toshiba's (TOSBF) white-goods business, which it would then combine with Sharp, the report says. Reference Link
February 8, 2016
18:37 EDTSHCAYINCJ ready to strike deal with Sharp if Foxconn talks fail, Nikkei says
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February 5, 2016
06:16 EDTSHCAYFoxconn CEO: Should reach Sharp deal in next 2-3 weeks, Reuters reports
Foxconn (HNHPF) should be able to reach an agreement to purchase Sharp (SHCAY) over the next 2-3 weeks, after the two companies reach a consensus on most points at a Friday meeting, Reuters reports, citing Foxconn CEO Terry Gou. Foxconn officially has been granted preferred negotiating rights, the report says, citing comments from Gou to reporters. Reference Link
February 4, 2016
19:44 EDTSHCAYSharp selects Foxconn as preferred bidder after $5.6B offer, Reuters says
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06:01 EDTSHCAYSharp leaning toward acquisition offer from Foxconn, NY Times reports
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February 3, 2016
10:39 EDTSHCAYActivist fund urges Sharp to be more transparent over bailout pick, Reuters says
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January 31, 2016
20:22 EDTSHCAYInnovation Network mulling solar integration of Sharp, Showa, Nikkei says
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18:39 EDTSHCAYFoxconn chairman: Sharp to decide on offer next week, Bloomberg says
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January 29, 2016
07:39 EDTSHCAYFoxconn set to raise offer for Sharp, FT reports
Foxconn (HNHPF) is set to raise its bid for Sharp (SHCAY) to JPY700B from JPY625B, the Financial Times reports, citing a person with knowledge of the plan. Foxconn founder and chairman Terry Gou is anticipated to submit the new offer to Sharp at its headquarters in Osaka over the weekend with promises to invest further in Sharp's technology, the report says. Reference Link

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