Terumo Seeks To Beat Sony With $640M Olympus Tie-Up Offer

Law360, New York (July 26, 2012, 3:52 PM EDT) -- Leading Asian medical equipment company Terumo Corp. has lobbed a 50 billion yen ($640 million) merger offer at Olympus Corp. in an apparent bid to muscle out Sony Corp. and others vying for a stake in the struggling endoscope and camera maker, Terumo confirmed Thursday.

To date, Olympus has named Sony and Fujifilm Holdings Corp. as its prospective suitors, with Sony widely thought to be the front-runner. Olympus top brass has said the company needed a partner to shore up its balance sheet after a $1.7...
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