Perhaps. But more importantly, it's a way of increasing cash on hand. They probably intend to buy back as many shares as possible. That will negate the influence of any shareholders who might want to force their hand. Paul On May 9, 2007, at 8:36 PM, Joseph Tainter wrote:
> Me earlier: > > "There were reports that Pentax management would attempt to counter > Hoya's offer, and were talking to sources of finance about this. Was > this to buy up the Pentax shares held by Sparx and Fidelity, or to buy > up Pentax shares on the open market? If so, selling their Tokyo HQ > could > be a way to raise funds for this move." > > Follow-up: > > Is selling their valuable Tokyo real estate a way of making Pentax a > less desirable target for aquisition? > > Joe > > -- > 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
