Sharp's (SHCAY.PK) two main lenders, Mizuho and Mitsubishi, approve a ¥210B ($2.7B) rescue for...

|About: Sharp Corp. ADR (SHCAY)|By:, SA News Editor

Sharp's (SHCAY.PK) two main lenders, Mizuho and Mitsubishi, approve a ¥210B ($2.7B) rescue for the cash-strapped company, Reuters reports, providing hope that it will survive. In exchange, Sharp, which is a major Apple supplier, will offload foreign TV factories and close solar-panel operations in the U.S. and Europe.