Olympus Shareholder Harris: Acquisitions Excessive, Harmed Company "By Any Measure"
October 26 2011 - 10:40PM
Dow Jones News
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
Olympus (PK) (USOTC:OCPNY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Olympus (PK) (USOTC:OCPNY)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Olympus Corporation (PK) (OTCMarkets): 0 recent articles
More Olympus Corp. ADS News Articles