Olympus (OCPNY.PK) is reportedly preparing to issue $1.28B in new shares to plug a hole in its...

|About: Olympus Corp. ADR (OCPNY)|By:, SA News Editor

Olympus (OCPNY.PK) is reportedly preparing to issue $1.28B in new shares to plug a hole in its balance sheet. Sony (SNE), Fujifilm (FUJIY.PK) and Panasonic (PC) may be possible buyers, although a top shareholder has warned about the board trying to retain control by issuing dilutive stock. Olympus shares surged to their daily limit in Tokyo and closed +16.4%. ADRs +41%.