Reply to "Samsung Says Offer for Sharp’s Photocopier Unit Rejected"

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Sharp May Sell Copier Operations to Samsung
03/12/2013| 11:06pm US/Eastern
TOKYO--Sharp Corp. (>> Sharp Corporation) is considering selling its copier operations to Samsung Electronics Co. (SSNHY), the Sankei Shimbun reported in its Wednesday morning edition.

The paper said that Samsung may be interested in using the operations, currently ranked fifth globally, to complement its smartphone and other information systems operations.

Last week Samsung said it signed a deal to buy a 3.0% stake in Sharp for 10.4 billion yen ($110 million) as the embattled Japanese electronics maker scrambles to raise funds and secure customers for its liquid-crystal displays.

3/13/135:41 PM

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