Sharp
OpenCalais Metadata: Ticker
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Taiwan's Hon Hai seals Sharp takeover for $3.5 bln
Taiwan's tech giant Hon Hai said March 30 it had finally sealed a takeover of Japanese electronics maker Sharp in a "historic" deal worth 389 billion yen ($3.5 billion).
It is the first foreign acquisition of a major Japanese electronics firm and comes after weeks of delays, with Hon Hai buying a 66 percent controlling stake.
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Japanese Stock Exchange marked by slight drop
Japanese stocks were showing a downwards trend on Monday since weak employment rates in the US limited risk-taking initiatives.
SHARP’s stock, however, marked an increase of 6.1% after information which pointed to the possibility that the corporation’s LCD unit might be separated from the main corporate body.
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Vestel takes over Sharp’s Europe brand
Turkish company Vestel has received a license to use the Japanese electronics maker Sharp’s brand to make and sell appliances in Europe
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