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Olympus president Takayama mulls merger option. Camera sales +15%!

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Amateur Photographer reports that “Speaking at a press conference in Tokyo, Takayama told reporters that a merger was one of the options on the table after Olympus was forced to reveal the true state of its business in the wake of a £1.1 billion accounting scandal dating back to the 1990s.

Bloomberg reports a Takayama statement: “We’ll review our management structure, corporate governance and our business plans as we prepare for the shareholder meeting (March-April). We’ll be reborn as new Olympus so that we can provide value to all our stakeholders including shareholders, customers, banks and our employees.

The last weeks we heard about Samsung, Fuji and Hoya being interested in a possible Olympus acquisition. Of course these are all rumors only. As I told you yesterday I would prefer if Olympus would remain an independent company. But I really don’t know what kind of “obscure” powers are now deciding the destiny of Olympus. I can only cross my fingers for Oly!

UPDATE: The good news is that betwenn April-September 2011camera sales rised by 15% from the same period the year before (4.2 million units manufactured).

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P.S.: Today Olympus shares went down 20% (Source: Bloomberg)

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