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Talks with Foxconn enter final stretch as fund waits in wings

Hon Hai Precision Industry Chairman Terry Gou says he is confident about clinching a deal with Sharp.

OSAKA -- Sharp and its suitor, Taiwan's Hon Hai Precision Industry, are continuing tense negotiations as the struggling Japanese consumer electronics maker aims to secure a rescue package that suits its needs.

     Terry Gou, chairman of Hon Hai, better known as Foxconn, has been in Japan this week, visiting SoftBank Group on Thursday and Canon on Friday. Gou on Thursday expressed optimism, saying he is hoping to announce a deal within two weeks. Hon Hai is offering a rescue package worth around 700 billion yen ($6.2 billion) in total.

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