Sharp to sell 9.2 percent stake in Pioneer

gadgtfreek

SatelliteGuys Master
Original poster
May 29, 2006
22,105
865
Lower Alabama
Struggling Japanese electronics manufacturer Sharp is reportedly looking to sell off its stake in another consumer electronics company, Pioneer, to raise the funds needed to pay off 200 billion yen (US$2.14 billion) in convertible debt.

Citing unnamed sources, The Japan Times reported Sunday Sharp is looking to dispose of its 9.2 percent stake, or 30 million shares, in the maker of car navigation systems and home electronics to help finance the payment of its debt due this September. Sharp is Pioneer's top shareholder, it added.

Link
 

iPod use on Denon 3313ci?

Internet-Direct Manufacturer Emotiva to Acquire Bob Carver, LLC

Users Who Are Viewing This Thread (Total: 0, Members: 0, Guests: 0)

Who Read This Thread (Total Members: 1)