(Corrects to say company plans to cut debt by 260 billion yen.)
Nov. 17 (Bloomberg) -- Olympus Corp. rose as much as 8.8 percent in Tokyo trading after the Nikkei newspaper reported the company told creditors it plans to cut debt by 260 billion yen over three years.
Olympus traded 6.9 percent higher at 791 yen as of 9:22 a.m. on the Tokyo Stock Exchange. The benchmark Nikkei 225 Stock Average slid 0.7 per1cent.
Shares in the endoscope maker rose 61 percent over the past three days, paring losses made after Michael Woodford was dismissed as president in October.
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