Hoya Pentax merger canceled. Urano quits
According to Bloomberg, Pentax board of directors scrapped a planned merger with Hoya Corp. Fumio Urano quit as Pentax president today. Todays Pentax CEO Takashi Watanuki will become the new president. Both companies will continue talks to combine operations.
April 10th, 2007 at 1:02 pm
I am a Pentaxian and I hope this will not be like Konica and Minolta :-(
April 16th, 2007 at 5:37 am
I hope this doesn’t slow the momentum Pentax has had for the past year or so. News like this can make potential buyers hesitate waver a bit.