Olympus Meets Deadline to Avoid Delisting. Rumors: Fuji to buy Olympus???

Share

Olympus managed to present their revised financial results tot he Tokyo Exchange. This will avoid the delisting of the company from the stock exchange. Reuters reports: “The most recent restatement, for end-March 2011, showed a 51 billion yen ($655 million) reduction in Olympus’ net assets, and Olympus added that at of end-September, net assets stood at just 46 billion yen, down from a restated 225 billion in March 2007. It also revealed a net loss of 32.33 billion yen for the six months ended September 30, further fuelling talk that the once-venerable firm would need to take quick steps to shore up its balance sheet or risk becoming prey to a takeover.

Also Bloomberg (Click here) reports that: “Fujifilm, which makes equipment for medical scans, has been reported as a possible bidder for Japanese camera maker Olympus Corp. Yamamoto, who also is a board member at Fujifilm, declined to comment on a possible buyout of Olympus today. Fujifilm Chief Executive Officer Shigetaka Komori said last month it was too early to discuss Olympus issues while the third-party panel was still probing the fraud at the camera maker.

So Samsung, Hoya and now even Fuji could buy Olympus. Damn, this is going to be a tuff time for Olympus! I hope they will stay alive with their own force! I would prefer a Fuji-Olympus partnership over a Fuji Olympus takeover. Imagine a m43 camera with organic sensor :) Yeah just dreaming I know :)

Love my work and want to support me? Do it for free :)
Whenever you go for a shopping just click on those links and buy whatever you want and I will get a small commission for it without you having to pay one single penny extra: Amazon, Adorama, B&H, J&R, eBay.