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Olympus Imaging to Have New Owner :: The Long Sad Goodbye

Olympus Imaging to Have New Owner :: The Long Sad Goodbye

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Signing of Memorandum of Understanding for Divestiture of Imaging Business

Olympus Corporation (“Olympus”) and Japan Industrial Partners, Inc. (“JIP”) hereby announce that, today, the parties signed a memorandum of understanding to carveout Olympus’s Imaging business to a new company (“NewCo”) and subsequently transfer its shares to a fund managed, operated or otherwise handled by JIP (the “Transaction”).

After the due diligence and further discussions and negotiations, the parties are aiming to sign a legally- binding definitive agreement for the Transaction (the “Definitive Agreement”) by September 30, 2020.

Continue reading Olympus Imaging to Have New Owner :: The Long Sad Goodbye at Imaging Insider.



This post first appeared on Imaging Insider | Imaging/Printing/Apps/News, please read the originial post: here

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