Pentax was officially bought for $864M
“Hoya and Pentax have finally entered into an agreement to effect their management integration by making Pentax into a wholly-owned subsidiary of Hoya through a tender offer by Hoya to purchase all shares of Pentax to be followed by a
share exchange or other appropriate business reorganization transaction“, - stated in the official press-release issued by Hoya and Pentax.
Probably most important part of this document is: “…after the completion of the Tender Offer, while considering methods for achieving full management integration, Pentax will conduct its business as an independent legal entity and maintain its corporate name, and maintain and extend cross-divisional synergies.“
Hoya President Hiroshi Suzuki said to Forbes “he plans to make Pentax a wholly-owned unit by November, and will maintain Pentax’s camera operations.”
