S&T CEO says full takeover by Foxconn possible: magazine
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"If we develop poorly and our share price falls significantly I expect that Foxconn will do a full takeover," weekly magazine WirtschaftsWoche quoted Hannes Niederhauser as saying in an interview in its BoersenWoche newsletter.
Foxconn unit Ennoconn raised its holding in S&T to 29.4 percent in a capital increase in October.
(Reporting by Maria Sheahan; Editing by Christoph Steitz)
News source: Reuters ![]()
Related news: S&T CEO says full takeover by Foxconn possible: magazine
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