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Pentax and Hoya merge called off - Pentax have announced their decision to call off their forthcoming merge Hoya Corp.
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.
See the full story at Reuters.