Terumo makes public offer of $640 million USD for Olympus tie-up

As the 2012 Olympics get under way in London, there is more M&A action on the mountain of Olympus (the camera company) in Japan. Medical equipment company Terumo made a public offer to tie-up with Olympus, to the tune of $640 million USD (50 billion yen). By making the offer in public, Terumo raised the stakes, and the invisible hand of the market liked the move, because it lifted the Olympus stock price by 10%. Details at Reuters where you can find the epicly-titled "Catheters or Cameras?" segment :) [via AP UK]