Why do I feel a Hoya/Pentax merge would strengthen the position of both, thus helping to insure their survival? I might, of course, feel differently if I knew the minds of their respective management teams and shareholders. My concern; is it a form of foreplay by Hoya?
Jack --- Tom C <[EMAIL PROTECTED]> wrote: > 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 > __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
