Nikon Stock Skyrockets Amid Rumors of a Sale

Nikon's stock jumped 28% this week after reports that EssilorLuxottica — its largest shareholder — may acquire the company or parts of its business. Nikon posted record losses of 86 billion yen last fiscal year. Some observers think the speculation concerns only Nikon's eyeglasses division, others read it as the whole company. Either way, an ownership change of that size would reshape camera and lens development priorities.