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Pentax ready to accept Hoya’s TOB

5, 25. 2007

The major camera maker Pentax Corp. is ready to accept TOB by the leading optical glass maker Hoya Corp. with some conditions attached. Pentax notified the readiness to Hoya when the top leaders of the two companies held talks over the matter in Tokyo on May 16, 2007. The talks were reported the same day by Reuters and other mass media. The two companies are likely to reach agreement in the near future. The conditions to the TOB are said to include continuation of the three core businesses of the camera, optical parts and medical appliances divisions without being separated.

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