Friday May 25, 2012

JAPAN NEWS AND DISCUSSION

Olympus eyes $1.3 bil equity offering

Business Dec. 21, 2011 - 07:00AM JST ( 6 )

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1

namabiru4meDec. 21, 2011 - 07:59AM JST

It will dilute the value AND allow for Japanese interests to trump the major foreign holders of stock that might oust the current board and install Woodford.
1

ebisenDec. 21, 2011 - 09:18AM JST

namabiru - you're talking like they have any other choice...
0

paulinusaDec. 21, 2011 - 09:47AM JST

Sounds like a bailout by other Japanese corporations.
0

Mark MakdadDec. 21, 2011 - 10:03AM JST

I wonder if they'll use the same financial advisers they had been using for this share issue & book building...
0

KronosDec. 21, 2011 - 11:03AM JST

Nothing surprising about it. Non-voting preferred share offers so that the current directors can keep their positions and the status quo. Woodford can very well give up on any hopes of getting back to Olympus.
0

tokyokawasakiDec. 21, 2011 - 03:20PM JST

I say de-list the company until it proves (not promises) to have implemented 21st century corporate governance, with a board of competent and independent directors..