InfoAnda - Exclusive: TPG willing to invest $1 bln in Olympus joint deal |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Sri Lanka pushes for rebel town; 2 rebels killed | 25 November 2008
Michael Shannon rounds up Runaways role | Entertainment | | 1 June 2009
Clinton Honors Bangladeshis On "Mother Language" Day | 20 February 2010

Germany says Magna still leading race to clinch Opel | 23 July 2009

Forum Views () Forum Replies ()

Read more with google mobile : Exclusive: TPG willing to invest $1 bln in Olympus joint deal |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Davos 2012 Technology Media Small Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh James Saft Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Steven Brill Geraldine Fabrikant Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Money Money Home Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (0) Editor's choice Jerry Brown's California budget nightmare Europe's north is bustling, its south closing down Samsung may consider alliance with Olympus RBS ditches investment bank in fresh jobs cull Taliban say Marine abuse tape won't hurt talks Romney lacks clear remedy for U.S. economy In Latin America, business climate is king again "Rocket man" Kim Jong-il immortalized in North Korea Video: Breakingviews' predictions for 2012 Slideshow: Highlights from CES 2012 Follow Reuters Facebook Twitter RSS YouTube Read Ohio woman loses appeal on "White Only" pool sign 12 Jan 2012 Republicans rally behind Romney on Bain charges | 12 Jan 2012 Stephen Colbert Enters the Presidential Race 12 Jan 2012 U.S. has "ideas" on Iran scientist killer: Panetta 12 Jan 2012 Feisty Gingrich makes plea for evangelical vote 12 Jan 2012 Discussed 201 Huntsman outraged at ad targeting adopted daughters 123 Buffett to GOP: You pay and so will I 120 Gay marriage a threat to humanity’s future-Pope Watched U.S. Marines probe video of men urinating on Taliban corpses Wed, Jan 11 2012 Critics raise the alarm over U.S. police drone plans Wed, Jan 11 2012 Bungee jumper plummets into Zimbabwe river Sun, Jan 8 2012 Exclusive: TPG willing to invest $1 bln in Olympus joint deal Tweet Share this Email Print Related News Samsung may consider alliance with Olympus: source Thu, Jan 12 2012 Samsung open to "alliance" with Olympus: source Thu, Jan 12 2012 UPDATE 4-Samsung may consider alliance with Japan's Olympus - source Thu, Jan 12 2012 Samsung plans hybrid cameras, seeks big sales rise Wed, Jan 11 2012 Samsung confident of outselling Nokia in 2012 Tue, Jan 10 2012 Analysis & Opinion Tech wrap: Era of .yournamehere domains arrives M & A wrap: RBS’s fresh jobs cull Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Japan » Consumer Electronics Show » Olympus Corp's digital camera is seen through a show window which bears rain drops and reflects lights from traffic at an electronic shop in Tokyo December 6, 2011. Credit: Reuters/Kim Kyung-Hoon By Nathan Layne TOKYO | Fri Jan 13, 2012 12:54am EST TOKYO (Reuters) - Private equity firm TPG Capital is willing to invest about $1 billion in Japan's Olympus Corp in a joint deal with Sony Corp or another suitor circling the scandal-hit firm, a person familiar with TPG's thinking said. TPG has informed executives at Sony, Canon Inc, Fujifilm Holdings and Panasonic Corp of its interest in providing capital and expertise to help revive the maker of medical equipment and cameras, the person said. Olympus has been seeking a friendly investor to make a minority investment and help revive its business after a $1.7 billion accounting scandal erupted in October, crushing its stock price and putting a big dent in its balance sheet. Electronics firms such as Sony, Canon and Panasonic are keen on Olympus' diagnostic-endoscope business as part of their strategies to expand into healthcare, while Fujifilm is already in the profitable endoscope market, banking sources have said. So far, TPG has not received any indication from these strategic suitors that they would be willing to work with the private equity firm on a transaction, the person said, speaking on condition of anonymity due to the sensitivity of the matter. But TPG believes it could be an effective partner by putting up capital, offering its experience in management, restructuring and the healthcare field, and by taking over parts of the company the strategic investor does not want, the person said. A TPG spokesman declined to comment. The list of potential suitors is long and was thought to include Samsung Electronics, though the South Korean technology giant ruled out on Friday any chance of an equity investment in the firm. Sony, Canon, Fujifilm and Panasonic are seen as strong candidates to invest in and form an alliance with Olympus, attracted by its medical equipment business, the company's crown jewel boasting operating profit margins of about 20 percent. Nearly all of Olympus' profits are generated from its dominant 70 percent share of the global market for flexible diagnostic endoscopes. The steady cash flow from that business has allowed it to prop up its digital camera businesses, which is on course to lose money for a second straight year. MESSY DEAL TPG would consider taking over the other less desirable parts of the firm to facilitate the deal. This could include the digital camera operations, which is in need of a major overhaul, including job cuts, the person said. TPG is one of the world's largest private equity firms with about $48 billion of assets under management. It has considerable experience in healthcare, including a leading role in the $4 billion buyout of data provider IMS Health in 2009. TPG is also one of several parties interested in bidding for AMR Corp, the bankrupt parent of American Airlines, sources familiar with the matter told Reuters. Olympus' medical business appears to have weathered the scandal but its stock is down some 40 percent since the fraud was brought to light in mid-October and the situation remains fluid, adding to the difficulty in getting a deal done. Samsung Electronics Chief Executive Choi Gee-sung dismissed suggestions his firm, a global leader in smartphones, televisions and memory chips, would want to buy Olympus' assets or at least invest as an equity partner in the business. "We're not interested in what others are already doing very well. Samsung will do what we can do better," Choi told Reuters on the sidelines of the Consumer Electronics Show in Las Vegas. An executive at parent Samsung Group, however, said Samsung Electronics was interested in a more modest, non-equity alliance, though he declined to give details. "We are not that interested in Olympus ... Olympus is in a very difficult situation. It may want more than just an alliance or cooperation," the executive said on condition of anonymity as he was not authorized to speak to the media. Any major foreign investment in Olympus could run into opposition in Japan, where the firm's endoscope technology is seen as strategic, in part because of the country's high incidence of stomach cancer. Medical endoscopes are used to peer inside patients to help diagnose cancer, ulcers and other conditions. Olympus endoscope technology also has strategic industrial applications, such as looking inside dangerously radioactive parts of Japan's crippled Fukishima nuclear power plant. The Japanese government can halt an investment of 10 percent or more in a listed firm, or 1 percent or more in an unlisted company, if foreign ownership would affect national security, a regulation some say might be applied to optical technology. An analyst in Hong Kong said optical technology was potentially of interest to Samsung Electronics. "Optical technology is one of the areas where it has not caught up with Japan," said Hwang Min-seong, a technology analyst at Samsung Securities. Olympus remains a thorny takeover target for potential bidders because the multi-national remains under investigation by police, prosecutors and regulators at home as well as by law-enforcement agencies in the United States and Britain. Its disgraced senior management and board is also in disarray, with shareholders not expected to vote in a new board, including chairman and chief executive, until March or April when Olympus has said it will convene an extraordinary meeting. Olympus' listing status is also under a cloud, though risks of it being delisted from the Tokyo Stock Exchange appear to be fading with public broadcaster NHK reporting on Friday that the exchange was set to decide to keep Olympus on its boards. The exchange is likely to hold an extraordinary executive meeting to decide Olympus' fate as early as January 20, NHK added. The exchange said in a statement that nothing had been decided. Olympus shares last traded down 2 percent at 1,243 yen, valuing the company at around $4.4 billion. (Additional reporting by Miyoung Kim in LAS VEGAS, Hyunjoo Jin in SEOUL and Yoko Kubota in TOKYO; Editing by Mark Bendeich and Neil Fullick) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Japan Consumer Electronics Show 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. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 13 January 2012
Haiti marks two years after catastrophic quake |
Canada says marriages of foreign gays not valid |
Carter says Egypt army unlikely to give up all powers |
Polish court: martial law imposed by criminal group |
Cuba moving some state-run cafes into private hands |
Israel warns against computer-hacker vigilantism |
Target to host boutiques, and Apple, in stores |
Silicon Valley calls the help desk on Volcker rule |
Sweden gives digital piracy advocate religion status |
Dish to shut more Blockbuster stores than planned |
Films? Stars? Who Cares. Globes' spotlight on Gervais |
Oprah Winfrey glad to break tether from talk show chair |
Book of Lil Wayne jail diaries to be published |
Bill Cosby muses on life in latest book |
Taliban say Marine tape won't hurt Afghanistan talks |
Iran embargo gathers support in Asia, Europe |
Arab League head warns of possible civil war in Syria |
Haiti marks two years after catastrophic quake |
Pakistan party lobbies allies for support; tension high |
Myanmar starts freeing more political prisoners |
Chinese dissident goes into exile in U.S., says was tortured |
Japan vows concrete steps to cut Iran oil reliance |
Canada says marriages of foreign gays invalid |
Norway mass killer to get second mental exam: reports |
GPS dogtags and glass PCs: the show's hits and misses |
China iPhone sales halted after shoppers pelt Apple store |
Author of U.S. online piracy bill vows not to buckle |
Exclusive: TPG willing to invest $1 bln in Olympus joint deal |
Lawmakers press Homeland Security on Internet monitoring |
Target to host boutiques, and Apple, in stores |
Kodak eyes bankruptcy cash from Citigroup: report |
Google appoints VMware co-founder to board |
Actress Heather Locklear in hospital after 911 call |
The Artist, The Help big Critics' Choice winners |
Nicki Minaj, Foo Fighters to perform at Grammys |
Sheeran leads BRIT nominations, Adele eyes return |
Harry Potter, Katy Perry big People's Choice winners |
Brotherhood claim 46 percent of Egypt parliament |
Tunisians feel pride, despair on revolt anniversary |
Nigeria unions suspend strikes in fuel dispute |
Italy's crisis opens doors to cash-rich mafia |
Danish court fines Kurd TV for promoting terrorism |
GPS dogtags and sacred kangaroos: hits and misses at CES |
Banks start playing games with your money |
Telcos to halt mobile network spending spree |
UK student faces U.S. extradition in copyright case |
AVG Technologies files for IPO of up to $125 million |
India court warns Web giants about China-style controls |
Travel Picks: World's top 10 film festivals |
No Ferguson extradition over Turkey film: UK source |
Oprah Winfrey glad to break tether from talk show chair |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01