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The dome of the Capitol is reflected in a puddle in Washington February 17, 2012.REUTERS/Kevin Lamarque

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Toshiba denies report it will propose Olympus equity tie-up

A view shows Toshiba Corp's logo at the fourth International Photovoltaic Power Generation (PV) Expo in Tokyo March 2, 2011. REUTERS/Yuriko Nakao

A view shows Toshiba Corp's logo at the fourth International Photovoltaic Power Generation (PV) Expo in Tokyo March 2, 2011.

Credit: Reuters/Yuriko Nakao

TOKYO | Mon Jan 16, 2012 7:54am EST

TOKYO (Reuters) - Toshiba Corp (6502.T) on Monday denied a newspaper report it was set to propose an equity tie-up with scandal-hit Olympus Corp (7733.T).

"There is no truth to this," a Toshiba spokesman told Reuters, after the Nikkan Kogyo said the company was expected to submit a business plan to Olympus's financial advisers.

(Reporting by Isabel Reynolds; Editing by Chris Gallagher)
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Comments (1)
WeWereWallSt wrote:
“‘There is no truth to this,’ a Toshiba spokesman told Reuters…”

So there you have it. It’s Toshiba.

www.WeWereWallStreet.com

Jan 16, 2012 6:11am EST  --  Report as abuse
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