Japanese manufacturer bids farewell to 100-year-old business
TOKYO -- Olympus announced Monday that it has inked a deal to sell its scientific device assets to U.S. private equity company Bain Capital for 427.6 billion yen ($3.1 billion), breaking with the business that spawned the Japanese company more than a century ago. 1/2 Inch Wide Angle Lens
Olympus made the final decision to sell the business in a board of directors meeting earlier the same day. The transfer of the unit is due to take place next January.
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