Foxconn earlier today looked set to clinch the takeover, before saying it needed time to review documents sent by the Japanese electronics group.
Foxconn, also known as Hon Hai Precision Industry, initially offered $5.3bn for Osaka-based Sharp, which has steadily scaled back its global solar business in recent years.
The troubled Japanese group — which started mass-producing PV cells in the early 1960s — has long positioned the restructuring of its overseas solar operations as a pivot toward the Japanese PV market, rather than a full-scale retreat from the sector.
However,
