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Sharp and Hon Hai win approval for joint control over Sharp Display Products

 |  June 25, 2012

The European Commission has approved Sharp and Hon Hai’s proposed acquisition of joint control over Sharp Display Products. Sharp Display Products (SDP) is currently controlled by Sharp, and produces LCD panels exclusively to Sharp. Hon Hai provides electronic manufacturing services to Original Equipment Manufacturers (OEMs).

The Commission determined that Hon Hai and Sharp’s activities will have only minimal overlap after the acquisition. Since SDP will be supplying LCD panels to other companies beyond Sharp after the deal, Hon Hai’s competitors will have increased access to the panels. The Commission also noted that Hon Hai’s customers direct the company to purchase LCD panels, and they will remain free to request competing LCD panels.

Full content: EC Press Release


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