May 31, 2018 / 8:56 AM / 5 months ago

U.S. hedge fund ValueAct has 5 pct stake in Japan's Olympus

TOKYO, May 31 (Reuters) - U.S. hedge fund ValueAct Capital has become a major shareholder in Japanese medical equipment and camera maker Olympus Corp with a 5.04 percent stake, a regulatory filing showed on Thursday.

ValueAct’s stake is worth about 66.6 billion yen ($613 million) based on Thursday’s closing price. ($1 = 108.7300 yen) (Reporting by Makiko Yamazaki; Editing by Edwina Gibbs)

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