Reuters: Technology News: Apple supplier Hon Hai to take 11 percent stake in Sharp

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Apple supplier Hon Hai to take 11 percent stake in Sharp Mar 27th 2012, 08:32 Tweet Share this Email Print Related News Reshuffle at Japan's Sharp blunts expectation for change Thu, Mar 15 2012 Japan's Sharp names new president as losses mount Wed, Mar 14 2012 Sharp reverses losses on report to replace president Wed, Mar 14 2012 New Panasonic chief to chase TV profit, not volume Tue, Feb 28 2012 Analysis & Opinion Japan… tide finally turning? Did the market know about Apple's announcement? Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Sharp's logo is seen at an electronic shop in Tokyo October 29, 2009. Credit: Reuters/Kim Kyung-Hoon TOKYO | Tue Mar 27, 2012 4:32am EDT TOKYO (Reuters) - Taiwan's Hon Hai Precision Industry Co (2317.TW) will take an 11 percent stake in Japan's Sharp Corp (6753.T), the Japanese company said on Tuesday, under a tie-up in LCD production that includes Sharp issuing 66.5 billion yen ($803 million) worth of its shares to four Hon Hai group companies. Hon Hai, an Apple (AAPL.O) supplier, will hold a 46.48 percent stake in Japan's main Sakai plant, in western Japan. ($1 = 82.8300 Japanese yen) (Reporting by Miki Kayaoka; Editing by Edmund Klamann) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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