Sharp to Deliver Asset Report to Banks
August 20 2012 - 8:10PM
Dow Jones News
Sharp Corp. (SHCAY) will submit an asset appraisal report to its
banks next month to identify businesses the company has to sell in
return for funding, the Reuters news agency said Monday on its
website, citing unnamed sources at the lenders.
The report is being compiled by two consultants, including
PricewaterhouseCoopers, and until the report is ready, Sharp will
receive tens of billions of yen in stopgap financing from Mizuho
Financial Group and Mitsubishi UFJ Financial Group, the report
quoted the sources as saying.
PricewaterhouseCoopers spokeswoman Machiko Wantanbe told the
news agency the company didn't have a comment at the moment. It is
unclear if Sharp was approached for comment.
Full Story:
http://www.reuters.com/article/2012/08/20/sharp-banks-idUSL4E8JK10N20120820
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