22-03-2016 11:00 via uk.news.yahoo.com

Foxconn seeks to lower takeover offer for Sharp: sources

By Taro Fuse TOKYO (Reuters) - Taiwan's Foxconn aims to lower its offer for Japan's Sharp Corp by at least around 100 billion yen ($893 million) to account for likely worse than expected annual earnings at the loss-making electronics firm and for newly revealed risks, two sources said on Tuesday. Sharp late last month said it would issue around $4.4 billion worth of new shares to give Foxconn, formally known as Hon Hai Precision Industry Co , a two-thirds stake. The investment in Sharp's equity
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