Taiwan’s leading electronics manufacturer, Foxconn, says that no date has been set for signing a deal to take over Sharp. In a statement on Friday, Foxconn said the companies were hoping to reach a satisfactory agreement soon.
Japanese media have said the two companies are likely to sign an acquisition agreement on March 9th at the earliest.
Foxconn’s bid to take over the Japanese electronics giant has recently gone through some twists and turns. Foxconn said last week that it would delay the signing of its deal with Sharp until it reaches an understanding of “one key document.”
It was reported that the delay was due to a previously undisclosed liability risk for Sharp, which could amount to US$3.1 billion.