Yahama denies buyout report, shares jump 6.6 pct

Newswire

TOKYO, Aug 26 (Reuters) - Yamaha Corp denied a newspaper report on Tuesday that the musical instrument maker is considering a management buy-out that could be worth about 430 billion yen ($3.93 billion) The report in the Kabushiki Shimbun sent shares of Yamaha Corp up 6.6 percent to 1,920 yen by midday, outperforming a 1.3 percent fall in the benchmark Nikkei average . A spokesman for Yamaha, which makes pianos and other musical instruments, said the report was untrue. The Kabushiki ...

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