On 12/21/06 1:59 AM, "K.Takeshita", <[EMAIL PROTECTED]> wrote:

> Nikkei (Japanese equiv of WSJ) is reporting that Pentax and Hoya are merging,
> becoming a large concern of $5B, capable of producing glass material to camera
> and optical products.

Name of new company is Hoya pentax HD Corporation and scheduled to merge on
October 1, 2007.
Hoya issued a press release and while it says an equal partnering, actual
merge format is consulted by UBS Security and Morgan Stanley, taking a form
of Pentax consolidated into Hoya.
It also appears that medical-optics business of both companies was part of
the synergy they are aiming for.  I also noted that both companies share two
trust banks as majority shareholders.

Interesting optical conglomerate.

At least sky won't fall on Pentax and hope they will continue to produce
innovative camera/lens products.

Ken


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