Thursday, October 20, 2011

Olympus Pays Huge Advisory Fees for M&As

In what is becoming a major scandal for Oympus - the company confirmed it paid over $600m in advisory fees for an $2bn acquisition to an unknown advisor registered in a tax haven

The foreign CEO has been fired after asking the Board to step down for sanctioning the deal; and there have been threats of legal action

Olympus's share price has fallen 44% since the scandal broke

No comments:

Post a Comment