On 12/21/06, Tom C <[EMAIL PROTECTED]> wrote: > According to the Wall Street Journal, it less of a merger and more of an > acquisition.
It was a stock swap deal, only in that Hoya is much larger, hence Pentax 1 vs. Hoya 0.15 something. On plus side, pentax did not agree with this under duress and it was rather Hoya who approached Pentax. OTOH, I do not know what to make of their statement that Imaging System Division remail an independent entity under the holding company (much like Tokina, Kenko?). That might make the separation or selling of it easier lateron. But Pentax has been shrewed in surviving in this competitive environment, and I do not believe they are stupid enough to lower thier guard. Or they deliberately wanted to maintain certain autonomy on camera biz. Ken -- PDML Pentax-Discuss Mail List PDML@pdml.net http://pdml.net/mailman/listinfo/pdml_pdml.net
