The following appears on NYTimes.com
TOKYO (Reuters) – Taiwan’s Foxconn is planning to overhaul Sharp Corp’s management including replacing its CEO after a multi-billion-dollar takeover of the Japanese display maker expected to be announced on Wednesday, the Yomiuri newspaper reported.
Foxconn, formally known as Hon Hai Precision Industry Co (2317.TW), is scheduled to select a majority of Sharp board candidates by April 15 but had been expected to leave much of management in place for some time.
Foxconn was not immediately available for comment. A spokesman for Sharp denied that such a decision had been made at this point.
