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”The outcome of the acceptance by Japanese electronics giant Sharp of a USD $4.3bn takeover bid by Taiwanese multinational Foxconn remains to be seen. Its symbolic significance however could be quite extraordinary: will Japan’s notoriously insular economy, notably its notoriously ultra-insular electronics industry, be opening up to the outside world and especially to its East Asian neighbors?
”Taiwan’s Foxconn has delayed the signing of a takeover agreement with Japanese electronics giant Sharp, leaving the US$5.9 billion acquisition up in the air. Will there still be a deal? We ask analysts”. ”SINGAPORE: The biggest takeover by a foreign company in Japan’s technology sector is looking less certain, after Taiwan’s Foxconn Technology Group said […]
Kozo Takahashi, the president of Sharp, on Thursday.
”TOKYO — For a few hours on Thursday, it looked as if Sharp, the ailing Japanese consumer electronics company, had secured a $5.5 billion takeover from Foxconn of Taiwan, the giant contract manufacturer that churns out products for Apple and other foreign brands.
Then things took a left turn.
Video
Nicholas Benes, The Board Director Training Institute of Japan’s representative director, discusses Foxconn’s decision to postpone signing a definitive agreement with Sharp. He speaks with Bloomberg’s Angie Lau on “First Up.” (Source: Bloomberg)
”Sharp on Thursday became Japan’s first major electronics maker to be acquired by a foreign company.
Stephen Bohrer, an M&A lawyer at Nishimura & Asahi, recently gave this presentation at a seminar in Palo Alto on the top five issues to consider when conducting M&A due diligence in Japan (in comparison to US transactions).
http://bit.ly/20IO3y2
Excerpt: … Meno’s comments echo those of Nicholas Benes, head of the Tokyo-based Board Director Training Institute of Japan (BDTI), who has called for increased director training in corporate governance to ensure a “virtuous cycle” that accelerates reform.
