Foxconn shares suspended due to “major announcement” expected to be Sharp acquisition

It looks like the on-off acquisition of display-maker Sharp by iPhone assembler Foxconn is back on. The WSJ reported earlier that the two companies have been discussing a significantly lower valuation for the company, and Reuters now reports that share trading in Foxconn has been suspended due to a “major announcement.” Japan’s Sharp Corp and Taiwan’s Foxconn…

http://9to5mac.com/2016/03/29/foxconn-shares-suspended/

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