Nikon Shares Jump 21% as EssilorLuxottica Weighs Boosting Stake

Nikon Corp.’s shares surged 21% after Bloomberg reported that EssilorLuxottica SA, the maker of Ray-Ban sunglasses, is exploring a potential deal to increase its stake in the Japanese optical equipment manufacturer.

The Franco-Italian company is considering a move to boost its Nikon stake to around 20%, people familiar with the matter said. They asked not to be identified because the information is private. It currently has a nearly 9% holding in Nikon, according to data compiled by Bloomberg.

Tokyo-traded shares of Nikon rose by the most ever on Wednesday. As of Tuesday’s close, its stock price had fallen ...