Scandal-Scarred Olympus to Hold Shareholder Meeting on April 20
Japan's troubled Olympus Corp. said on Sunday it will hold an extraordinary shareholders meeting on April 20, when it is expected to seek approval of a new management team.
The maker of cameras and medical equipment is struggling to emerge from a $1.7 billion accounting scandal and is continuing operations under a hobbled board: Six of its members, including company President Shuichi Takayama, plan to quit by April.
Fujifilm Holdings, Panasonic, and the Sony Corp. are among the firms speculated to be potential partners for Olympus.
Takayama said on Jan. 18 that Olympus had not been in specific talks with any of those firms and that the company would wait until after a management overhaul in late April to bring in a potential strategic partner.
Olympus has said it plans to announce its earnings result for its October-December quarter on Feb. 13.
The April meeting is for shareholders as of Feb. 20.
(Reporting by Risa Maeda, Editing by Jonathan Thatcher)
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