Reuters: Global Markets: Sharp jumps 8 percent after Hon Hai deal

Reuters: Global Markets 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

Sharp jumps 8 percent after Hon Hai deal Mar 29th 2012, 00:17 Tweet Share this Email Print Related News Nikkei weighed by ex-dividends, slips from 1-year high 2:47am EDT Sharp to announce deal with Sony on Sakai plant Tue, Mar 27 2012 Deals of the day -- mergers and acquisitions Tue, Mar 27 2012 Apple supplier Hon Hai to take 11 percent stake in Sharp Tue, Mar 27 2012 UPDATE 3-In TV display tie-up, Taiwan's Hon Hai takes Sharp stake Tue, Mar 27 2012 Analysis & Opinion Did the market know about Apple's announcement? Related Topics Hot Stocks » Asian Markets » A man walks past Sharp's television sets at an electronic shop in Tokyo March 19, 2012. Credit: Reuters/Kim Kyung-Hoon TOKYO | Wed Mar 28, 2012 8:17pm EDT TOKYO (Reuters) - Japan's Sharp Corp (6753.T) surged more than 8 percent in heavy trade on Thursday after it said this week it will issue shares worth $808 million to Taiwan's Hon Hai Precision Industry (2317.TW). Sharp was up 8.3 percent at 616 yen after remaining untraded through Wednesday's session and ending up more than 15 percent. It was the heaviest traded stock by turnover on the main board. The struggling LCD maker's issue of 66.9 billion yen ($808 million) worth of shares will give Hon Hai, the main manufacturer of Apple (AAPL.O) devices, a stake in Sharp of around 11 percent, making it Sharp's top shareholder. (Reporting By Mari Saito; Editing by Edmund Klamann) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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