By: Jalen Chung, Tien Yu-pin, Frances Huang and Lilian Wu
Taipei, March 29 (CNA) The on-again off-again pursuit of Japanese electronics giant Sharp by a Taiwanese electronics giant appears to be finally coming to an end.
The Taiwan Stock Exchange (TAIEX) confirmed Tuesday that Hon Hai Precision Industry Co. (鴻海), which will hold a board meeting the following day, has applied for a trading halt during an information assessment period.
Hon Hai had said earlier that a board meeting had been scheduled for March 30, but whether the meeting would discuss the merger with Sharp would depend on the progress of negotiations between the two sides.
The TAIEX had said that once Hon Hai’s board meeting has decided to discuss the merger, it will have to apply for a trading halt. [FULL