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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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Industry News

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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mdpontin 13 6.0k Scotland
So, not the fait accompli it appeared to be. I wonder if Samsung will now enter the lists.

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this is a test
Pete Plus
16 18.8k 97 England
Seems disappointing news. I hope that they get this resolved.
mattw 14 5.2k 10 United Kingdom
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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