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.
Credit: Reuters/Yuriko Nakao
TOKYO |
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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