According to Reuters, the Japanese company Sharp has rejected an offer to buy Samsung Electronics division, specializing in copiers and printers. The offer was made in the context of transactions involving investment by Samsung in the amount of $ 110 million in exchange for a 3% stake in Sharp.
"We really got the offer from Samsung, but decided against it" , - quotes the words of the representative source Sharp.
The cause of failure and the amount to be a potential buyer, were not named.
In September are due payment obligations Sharp convertible debt at $ 2.1 billion. Japanese manufacturer in dire need of cash, so that the sale of units might be useful. On the other hand, the division is profitable, so that the deal would reduce cash flow Sharp.
In addition to printers, copiers, fax machines division produces.
Source: Reuters
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