It's seldom that the results of such a merger are better than building 
the business you already have.  Most such mergers result in 
disappointment.  (That doesn't stop them from happening however).  A 
classic example was  Sperry and Burroughs merging in 1986 to take 
advantage of their "Synergy", the final market share resulting from the 
merger was less that either one had before the merger. Most seem to work 
out that way.  The spectacular successes, (which they are few and far 
between), are what keep M&A groups going, but don't ask them about their 
success ratio.

Tom C wrote:
>> From: "P. J. Alling" <[EMAIL PROTECTED]>
>>
>> Remember the plan to continue to make cameras was assumed by Pentax.
>> Hoya's plans were unknown but hinted at by their CFO, which seems to
>> have precipitated the unpleasantness.  By the way if Hoya is so strong
>> and Pentax's prospects are so bleek, why didn't Hoya just say, then have
>> it your way, and walk away?
>>
>>     
>
> Because they are interested in increasing the sales and profits of their 
> medical division.
>
> Tom C.
>
>
>
>   


-- 
All dogs have four legs; my cat has four legs. Therefore, my cat is a dog.


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