Reuters: Technology News: Deadline for Hon Hai to invest in Sharp lapses with no deal

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Deadline for Hon Hai to invest in Sharp lapses with no deal Mar 26th 2013, 08:28 Tweet Share this Email Print Related News Sharp to miss March 29 deadline for Qualcomm investment Sun, Mar 17 2013 Deals of the day -- mergers and acquisitions Fri, Mar 8 2013 Hon Hai won't invest in Sharp by March 26 deadline: media Fri, Mar 8 2013 Samsung gets a foot in at key Apple supplier Sharp with $110 million investment Wed, Mar 6 2013 Samsung set to give Sharp $110 million lifeline, shares soar Tue, Mar 5 2013 A man looks around Sharp's TV sets at an electronic shop in Tokyo February 1, 2013. Credit: Reuters/Yuya Shino TOKYO | Tue Mar 26, 2013 4:00am EDT TOKYO (Reuters) - The deadline for Hon Hai Precision Industry Co to buy a stake in Sharp Corp lapsed Tuesday without any deal, ending an agreement forged last year that would have made the Taiwanese company the biggest shareholder in the Japanese television maker. Talks for Hon Hai to buy as much as a 9.9 percent stake stalled after Sharp balked at its demand for a degree of management control. Hon Hai also sought to lower the $708 million price tag after Sharp's shares slumped in the wake of losses that prompted a bailout from its banks last year. As talks with Hon Hai unraveled, Sharp concluded smaller investment deals with Samsung Electronics Co Ltd and Qualcomm Inc. It may also have to find other ways to raise money to repay a $2.1 billion convertible bond due in September. (Reporting by Tim Kelly; Editing by Ryan Woo) 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.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions