Friday, February 24, 2012

Olympus mulls tie-up with Sony, Panasonic: report

The logo of Olympus is seen behind traffic signs outside an electronic shop in TokyoTOKYO/SEOUL (Reuters) - Japan's Olympus Corp is scouting the global electronics industry for a friendly investor to help it recover from an accounting scandal and has put Sony and Panasonic on its short list, a newspaper said on Thursday. Olympus, a maker of cameras and medical equipment, has been wounded by a $1.7 billion accounting fraud that burst into the open in October, shredding its share price, leaving its management in disgrace and its balance sheet damaged. ...


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