Sharp, Foxconn chiefs to meet today after $5.8b takeover deal put on hold. Sharp scrip plunges 15%

Sharp, Foxconn chiefs to meet today after $5.8b takeover deal put on hold. Sharp scrip plunges 15%

Sharp Corp Chief Executive Kozo Takahashi (C) is surrounded by media as he leaves the company's Tokyo headquarters in Tokyo, Japan, February 25, 2016, after reports of Sharp Corp agreeing to a takeover by Taiwan's Foxconn. REUTERS/Yuya Shino

Shares in Sharp Corp plummeted on Friday after Taiwan’s Foxconn put its takeover of the ailing Japanese electronics maker on hold, with sources saying previously undisclosed liabilities were responsible for the 11th hour delay.

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