Sharp considering $1.2B capital raise, Reuters says Japanese TV maker Sharp (SHCAY) is contemplating a more than $1.2B capital raise in the Spring to strengthen its capital base, says Reuters. Reference Link
News For SHCAY From The Last 14 Days
Check below for free stories on SHCAY the last two weeks.
Sharp downgraded to Underperform from Hold at Jefferies Jefferies downgraded Sharp to Underperform citing the risks of another potential share issuance. The firm lowered its price target for shares to $2.30 from $3.10.
Sharp mulls another share offering, could raise $1.97B, Reuters says Sharp is contemplating another issue of new shares that could raise nearly $1.97B to replenish its depleted capital base, according to Reuters, citing a report from Japan's Asahi newspaper. Reference Link