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.