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Lenders unlikely to tighten screws on Olympus, for now

By: Yossel in NUTS & BOLTS | Recommend this post (0)
Tue, 15 Nov 11 4:05 PM | 38 view(s)
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Lenders unlikely to tighten screws on Olympus, for now

Analysis: Olympus medical business too big to fail
Fri, Nov 11 2011Analysis & OpinionEurope’s liquidity crisis

Men walk past a sign of Olympus Corp outside the company's showroom in Tokyo November 10, 2011. Tokyo's stock exchange warned scandal-hit Olympus Corp on Thursday it will be delisted after 62 years as a publicly traded company if it fails to report earnings by December 14, deepening concerns about the Japanese camera-maker's future.

TOKYO (Reuters) - Olympus Corp's creditors are not expected to demand changes in loan terms or take other abrupt steps and risk hurting their own interests when they meet company executives on Wednesday to grill them about the firm's huge accounting scandal, sources and analysts said.

Credit: Reuters/Toru Hanai
Taiga Uranaka and Linda Sieg

TOKYO
Tue Nov 15, 2011 4:54am EST

link-
http://www.reuters.com/article/2011/11/15/us-olympus-idUSTRE7AA4UE20111115




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