WSJ Reports That Sharp Nears Debt-for-Equity Swap

Adrian J Cotterill, Editor-in-Chief

The WSJ is reporting that Sharp is nearing a deal with its main banks on a restructuring plan that would include (likely 5,000) job losses, cost cuts and the banks effectively writing off some $1.68 billion.

May 14 looks like a date for your diary for a more formal announcement.

See also ‘Sharp Seeks to Spin Off LCD Panel Unit‘ from back in early April


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