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Board to mull Foxconn bid sweetened by deposit

OSAKA -- Sharp's board will meet Wednesday to discuss whether to accept Hon Hai Precision Industry's roughly 700 billion yen ($6.23 billion) takeover offer, whose prospects have been bolstered by an agreement to furnish 100 billion yen upfront.

     Sharp had agreed four years ago to an investment from Hon Hai, also known as Foxconn. But that deal fell through as the Japanese company's share price sank. Sharp, burned by the experience, asked the Taiwanese contract manufacturer this time to pay a deposit if its offer is accepted.

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