Sharp Faces Dwindling Financing Options
Japan’s Sharp Corp. is trying to find new sources of capital ahead of key looming financing deadlines. But the electronics maker’s options have shrunk, as management has told potential funders it doesn’t want to relinquish control of key decisions, while rebuffing demands from creditors that it shed core assets.
Complicating Sharp’s attempts to survive increasingly dire finances, two former presidents have joined current President Takashi Okuda in seeking to negotiate deals with different sets of possible investors, creating confusion among creditors and potential investors about who is in charge at a critical moment.
