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Sharp (SHCAY.PK) plans to sell a 9.9% stake to contract manufacturing giant Foxconn (HNHAF.PK)...
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Tuesday, March 27, 2012, 12:03 PM ETSharp (SHCAY.PK) plans to sell a 9.9% stake to contract manufacturing giant Foxconn (HNHAF.PK) at an 11% premium to today's close, as well as a 46.5% stake in its display unit to Foxconn's founder. Apple (AAPL) might just have something to do with this tie-up: Foxconn is Apple's biggest contract manufacturer, and Sharp is both a display supplier to Apple and the rumored manufacturer of the iTV.
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