Japan's Sharp to vote on rival takeover bids on Thursday: sources

Tokyo

SHARP Corp plans to choose between rival rescue offers as soon as Thursday, as a favoured bid from Taiwan's Foxconn continues to be challenged by a Japanese state-backed investment fund, people with direct knowledge of the matter said.

The board of the ailing electronics maker met on Saturday to discuss the two takeover proposals, according to the sources, who requested anonymity because they were not authorised to speak to the media.