CEO Gou Goes All Out – Meets Face-to-Face with Japanese Gov’t Officials
Although the odds appear stacked against Taiwan’s Foxconn in its bid to acquire Sharp Corp., new reports suggest that CEO Terry Gou has intensified his efforts to win the troubled Japanese giant by meeting directly with Japanese government officials and offering new promises. In a report out of Japan by Reuters, sources are saying that Gou will do whatever it takes to win the company, including detailing more of his plans to assuage concerns and eliminate opposition to the deal.
Last week, Moody’s Investors Service announced that it was cutting Toshiba Corp.’s long-term senior bond rating to Ba2, or “junk” status. Considering recent reports from Toshiba, a major industry player that is stumbling in the wake of a 
The media in Japan is reporting that Hon Hai Precision Industry Co., a Taiwanese manufacturer mostly known for its Foxconn OEM division that is Apple Inc.’s largest supplier, has made a $2.5 billion offer acquire Sharp Corp., Japan’s troubled LCD display manufacturer. But Hon Hai’s offer has one very special condition of sale that won’t be popular in Sharp’s Osaka headquarters…
Toshiba, who is on the verge of announcing a record loss and plans another round of layoffs, is far from the only Japanese giant who is stumbling. A new analysis by the Nikkei suggests it’s possible that Sharp Corp. may not have enough cash to survive the winter – despite the fact that multiple potential suitors are swirling around them in a head-spinning series of negotiations that, so far, are unproductive. And the news of these new troubles have surfaced after they successfully concluded negotiations for 
