OSAKA -- Sharp has turned LCD factory operator Sakai Display Products into a wholly owned subsidiary for an estimated 40 billion yen ($296 million), Sharp announced Monday.
Sharp previously held a 20% stake in SDP, which produces large display panels for televisions in the city of Sakai, near Osaka. It acquired the rest from a Samoa-based investment company by handing over 11.45 Sharp shares for each SDP share it received.
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