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Business

Japanese company needs to drop arrogant stance to survive

Sharp's head office in Abeno Ward, Osaka

TOKYO -- Sharp decided Thursday to accept a takeover offer from Taiwan's Hon Hai Precision Industry, becoming the first major Japanese electronics maker to be acquired by a foreign company.

     While Sharp will seek to resurrect itself under the umbrella of the Taiwanese contract electronics manufacturer also known as Foxconn, the key to successful rehabilitation will be the ability of the Osaka-based company to drop its arrogant stance.

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