The takeover battle over troubled electronics maker Sharp has intensified after Terry Gou, founder and chairman of Taiwan’s Hon Hai Precision Industry, made a personal appeal to the Japanese government and bank officials to take its $5.1bn offer seriously.
Mr Gou’s visit to Tokyo came as Hon Hai, better known as Foxconn, seeks to allay concerns about a foreign takeover of a century-old Japanese company and boost its chances of beating a rival offer by a government-backed fund.
The deal has been closely watched by overseas investors as a test case for Japan’s openness to foreign businesses and promises to enhance shareholder returns.
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