Toshiba denies report it will propose Olympus equity tie-up (Reuters)

TOKYO (Reuters) ? Toshiba Corp (6502.T) on Monday denied a newspaper report it was set to propose an equity tie-up with scandal-hit Olympus Corp (7733.T).

"There is no truth to this," a Toshiba spokesman told Reuters, after the Nikkan Kogyo said the company was expected to submit a business plan to Olympus's financial advisers.

(Reporting by Isabel Reynolds; Editing by Chris Gallagher)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20120116/bs_nm/us_olympus_toshiba

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