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Olympus Corp (7733.T)

7733.T on Tokyo Stock Exchange

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9 Dec 2019
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Thu, Aug 29 2019

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Sony in $760 million Olympus stake sale after investor Loeb's prodding

TOKYO Sony Corp is selling its 5% stake in Olympus Corp back to the Japanese medical equipment maker for 80.4 billion yen ($762.88 million), a move that Daniel Loeb's activist hedge fund Third Point LLC had called for.

UPDATE 2-Sony in $760 mln Olympus stake sale after investor Loeb's prodding

* Sony says purpose of capital tie-up has been fulfilled (Adds Third Point context, Sony stock price)

Japan's Olympus to buy back 5% stake from Sony

TOKYO, Aug 29 Japanese endoscope maker Olympus Corp said on Thursday it will buy back 68.9 million shares, or a 5.03% stake, from Sony Corp.

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