OCPNY Olympus Corporation (PK)

18.00

0.00 (0.00%)

26 Jul 2024 - Closed

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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

Olympus Shareholder Harris: Acquisitions Excessive, Harmed Company "By Any Measure"

27/10/2011 4:40am

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Harris Associates LP, the fourth-largest shareholder of Olympus Corp. (7733.TO), said Thursday that the firm's payments on past acquisitions were "excessive" in response to fresh comments by the company defending its M&A activities.

"Quite clearly, by any measure, the payments were excessive and harmed the company," David Herro, chief investment officer at Chicago-based Harris, told Dow Jones Newswires.

Harris Associates, which has a 4% stake in the maker of cameras and medical-imaging equipment, had earlier sent a letter to the company board seeking an independent audit.

-By Kana Inagaki, Dow Jones Newswires; 813-6269-2795; kana.inagaki@dowjones.com