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Pentax call off merge with Hoya Corp

Pentax call off merge with Hoya Corp - Pentax have announced their decision to call off their forthcoming merge Hoya Corp.

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Pentax call off merge with Hoya Corp
Press Release:

The merge between Pentax and Hoya Corporation, a maker of glass chip-making and flat displays, and Pentax was called off after Pentax investors asked the firm to raise their offer. Hoya met on Tuesday to discuss the matter but failed to come to a decision, although they are planning to continue talks with Pentax in relation to new merger possibilities.

The future of the merge looks even more uncertain with Pentax president Fumio Urano's set to resign on Tuesday, and be replaced by Takashi Watanuki, who originally voted against the merger.

While Pentax have decided to scrap the merger with Hoya Corporation, they are remaining open to considering a merger on different terms.


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Comments


mdpontin 10 6.0k Scotland
10 Apr 2007 11:42AM
So, not the fait accompli it appeared to be. I wonder if Samsung will now enter the lists.

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BenGriffiths 7 399 England
11 Apr 2007 6:57AM
this is a test
Pete e2
13 18.5k 96 England
11 Apr 2007 12:57PM
Seems disappointing news. I hope that they get this resolved.
mattw 10 5.2k 10 United Kingdom
11 Apr 2007 2:36PM
Surprising that they announced it before it was a done deal - LONG before as well. Unless it was a ploy to increase their value with another buyer (possibly begining with the letter 'S')

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