Sparx owns about 30% of Pentax stock and another major investor around 12%. Getting close to 50%.
Pentax's future is not just in the hands of it's management team. Excerpts from reports... 1.----------------- Pentax Corp.'s biggest shareholder Monday urged the optical equipment maker to provide a proposal to improve shareholder value after it abruptly scrapped a plan to merge with a bigger rival. "We believe Pentax has an obligation to provide proposals to improve (its) shareholder value" with a sense of urgency, Sparx said in a statement. The comments suggest that Pentax is under pressure to shape up its business and returns for its shareholders. "If Pentax's management decided to abandon (the merger deal) without rational alternatives, the action is extremely grave," Sparx said. 2.------------------- Sparx also said in a statement that a possible takeover bid from Hoya for Pentax ''would be a fair method'' as it will allow Pentax shareholders to decide on the envisioned integration of the two companies. 3.-------------------- Pentax said it will seek a way for broad management integration with Hoya, after scrapping a merger plan with the company earlier in the week, the Asahi newspaper said. Tom C. -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
