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Tuesday, 4 September 2012 - Fujifilm: still await Olympus decision on tie-up |
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Credit: Reuters/Yuriko Nakao TOKYO | Tue Sep 4, 2012 1:36am EDT TOKYO (Reuters) - Japan's Fujifilm Holdings Corp is still waiting for Olympus Corp to make a decision on whether to accept its proposal for a tie-up, an executive said on Tuesday. "We are still awaiting a decision ... and there is no change in our proposal to them either," Kouichi Tamai, senior vice president and general manager of Fujifilm's medical system business division, told reporters. Olympus is working to finalize a capital deal and mend its troubled finances after it booked a net loss of 49 billion yen ($626 million) for the year ended March 31 after being embroiled in a scandal over a decade-long scheme of falsifying financial statements and hiding investment losses. Sources familiar with the matter have said Olympus is in final talks with Sony Corp to accept a cash injection in return for a stake, while medical device maker Terumo Corp has also said it is seeking to form a joint holding company with Olympus as part of a 50 billion yen capital infusion plan. ($1 = 78.2600 Japanese yen) (Reporting by Mari Saito; Editing by Michael Watson) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. 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