Tuesday, 5 June 2018

Sharp to buy Toshiba PC business, issue $1.8 billion in new shares

TOKYO (Reuters) – Japan’s Sharp Corp (6753.T) said it will buy Toshiba Corp’s (6502.T) personal computer business and issue $1.8 billion in new shares to buy back preferred stock from banks, highlighting a swift recovery under the control of Foxconn.

The post Sharp to buy Toshiba PC business, issue $1.8 billion in new shares appeared first on CloudTweaks.



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