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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Olympus Corporation (PK) | USOTC:OCPNY | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 18.00 | 0.00 | 01:00:00 |
From Jul 2019 to Jul 2024
Olympus Corp. (7733.TO) said Tuesday that a third-party committee it appointed to investigate past purchases has discovered the use of multiple funds to defer losses in such acquisitions.
The Japanese company said in a statement just before the market open that the committee discovered this method had been employed since the 1990s and included the controversial advisory fees paid in the acquisition of Gyrus Group PLC.
The committee is examining the legality and validity of management decisions on past deals. It plans to hasten the investigation process, because Olympus could face the risk of stock delisting if it waits for probe results and releases its earnings report in mid-December or later.
The announcement weighed on Olympus stock after the opening bell. The company's shares were ask-only below their year-low of Y1,012 on the Tokyo Stock Exchange.
-By Shawn Schroter, Dow Jones Newswires; +81-3-6269-2772; shawn.schroter@dowjones.com
1 Year Olympus (PK) Chart |
1 Month Olympus (PK) Chart |
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