The self-fulfilling prophecy would be if Pentax management thought the company could not survive on it's own, and they did NOT seek a partnership with another firm.
Tom C. >From: "P. J. Alling" <[EMAIL PROTECTED]> >Reply-To: Pentax-Discuss Mail List <[email protected]> >To: Pentax-Discuss Mail List <[email protected]> >Subject: Re: Pentax Update - Shakeup in the Works (again) >Date: Tue, 24 Apr 2007 18:33:24 -0400 > > > > > Sparx had supported Urano's efforts to pursue a merger with Hoya amid >the > > belief that Pentax would not be able to survive on its own. >Does anyone else see a self fulfilling prophecy here? > >Tom C wrote: > > Excerpts... > > > > TOKYO (Nikkei)--Pentax Corp.'s top shareholder, Sparx Group Co., plans > > to back the appointment of directors to the camera manufacturer's > > board who would support Hoya Corp.'s tender offer plans > > > > This could bode ill for Pentax President Takashi Watanuki and others who > > voted down a proposed merger with Hoya and are said to be against a >business > > integration with the firm. Sparx aims to use its 23.98% stake in Pentax >to > > nudge the company toward accepting a business integration with Hoya. > > > > With all eight Pentax directors facing re-election at an upcoming >general > > shareholders meeting scheduled for June 22, Sparx plans to propose the > > reappointment of former President Fumio Urano and former Executive Vice > > President Katsuo Morio to the board. The pro-merger Urano and Morio >were > > relieved of their duties as executives earlier this month. > > > > ... > > > > Sparx apparently believes that its proposed appointments will go through > > if it can win the support of overseas shareholders who are highly >conscious > > of > > measures aimed at improving Pentax's enterprise value. > > > > Sparx had supported Urano's efforts to pursue a merger with Hoya amid >the > > belief that Pentax would not be able to survive on its own. > > > > ... > > > > Citing an internal rift at Pentax, Sparx will call for an overhaul of >the > > camera manufacturer's leadership to prevent an erosion in the company's > > share > > price and other enterprise values. > > > > > > Tom C. > > > > > > > > > > >-- >Entropy Seminar: The results of a five yeer studee ntu the sekend lw uf >thurmodynamiks aand itz inevibl fxt hon shewb rt nslpn raq liot. > > >-- >PDML Pentax-Discuss Mail List >[email protected] >http://pdml.net/mailman/listinfo/pdml_pdml.net -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
