Sharp, Foxconn extend deal talks deadline up to two weeks: source

February 26, 2016 2:53 PM

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TOKYO Japan's Sharp Corp (6753.T) and Taiwan's Foxconn agreed on Friday to extend a deadline for takeover talks by one or two weeks beyond Monday's planned expiry, a person familiar with the matter said.

Foxconn, a major supplier to Apple Inc (AAPL.O) and known formally as Hon Hai Precision Industry Co (2317.TW), has been Sharp's preferred candidate for a rescue deal.

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