Japan's Sharp shares rise 2 percent as board considers Toshiba PC purchase

TOKYO (Reuters) - Shares in Sharp Corp () were up 2 percent in morning trading in Tokyo after the company said its board would meet on Tuesday to consider buying Toshiba Corp’s () personal computer business.

Sharp, the Japanese electronics unit of Taiwan’s Foxconn, formally known as Hon Hai Precision Industry Co Ltd (), is in talks to finalise a deal for Toshiba’s PC unit for around 5 billion yen ($45.5 million), sources told Reuters on Monday.

A successful deal would mark Sharp’s return to the PC market.