Olympus targets Sony, Fujifilm, Terumo for tie-ups

Olympus, seeking to emerge from a $1.7 billion accounting scandal, may not seek a public stock offering or tie-ups with third parties to strengthen its capital.

hidden April 03, 2012 09:12:42 IST
Olympus targets Sony, Fujifilm, Terumo for tie-ups

Tokyo: Japan's Olympus Corp is considering Sony, Fujifilm Holdings and Terumo among options for capital tie-ups to shore up its finances, nominee president Hiroyuki Sasa said on Tuesday.

Olympus targets Sony Fujifilm Terumo for tieups

Olympus Corp is considering Sony, Fujifilm Holdings and Terumo among options for capital tie-ups to shore up its finances. Reuters

Sasa also said Olympus, seeking to emerge from a $1.7 billion accounting scandal, may not seek a public stock offering or tie-ups with third parties to strengthen its capital.

Asked if the three companies are under consideration for capital tie-ups, Sasa said: "We are considering such tie-ups as options."

But he wants to keep his options open, he said in an interview.

Olympus nominated executive officer Sasa in February to become president, subject to approval at its 20 April shareholders' meeting.

Reuters

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