Reuters: Mergers News: Olympus shares rise on report Panasonic to take stake

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Olympus shares rise on report Panasonic to take stake Jun 6th 2012, 00:11 TOKYO, June 6 | Tue Jun 5, 2012 8:11pm EDT TOKYO, June 6 (Reuters) - Shares of Olympus Corp rose 3.3 percent to 1,374 yen on Wednesday after Kyodo news agency said Panasonic Corp is making final arrangements to provide up to 50 billion yen ($635 million) in capital to the scandal-hit firm. The move will make Panasonic the top shareholder in Olympus, which has been hit by a massive accounting scandal. Panasonic shares were up 0.6 percent, in line with the benchmark Nikkei share average.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions