Sharp-Foxconn talks set to end with no stake deal

Sharp's talks with Taiwan's Foxconn Technology over an investment in the Japanese electronics maker will probably end on March 26 without an agreement, said two people familiar with the discussions.

Talks had not led to a deal partly because the companies could not agree on a price after Sharp's shares declined, said one of the people. Sharp shares fell the most in two months yesterday, the biggest decline among companies in the Tokyo Stock Exchange's first section.

Stumbling blocks in the talks also included management control and company strategy, one person said.

via Business feed http://www.scmp.com/business/companies/article/1158644/sharp-foxconn-talks-set-end-no-stake-deal