Pentax and Hoya to Merge
- Thread starter bob cole
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erikhaugsby
killer of threads
I thought that a merger was on the table last month but then called off shortly thereafter. Guess not.
Bryce
Well-known
It was called off and then back on again.
Hopefully the nice folks at Hoya will see to it Pentax gets on the ball again.
Hopefully the nice folks at Hoya will see to it Pentax gets on the ball again.
KoNickon
Nick Merritt
I had thought Samsung owned a majority share of Pentax. Guess not.
GeneW
Veteran
There was a rumour that Samsung was making a bid, but nothing seems to have happened with it.
Gene
Gene
ChrisPlatt
Thread Killer
Guess I scooped you!
Guess I scooped you!
This was announced last year:
http://rangefinderforum.com/forums/showthread.php?t=33503&highlight=hoya+buying+pentax
Chris
Guess I scooped you!
This was announced last year:
http://rangefinderforum.com/forums/showthread.php?t=33503&highlight=hoya+buying+pentax
Chris
R
rpsawin
Guest
The last article I read stated that the CEO of Pentax was fired over this deal and his successor was moving a bit slower. Maybe things have changed.
Bob
Bob
captainslack
Five Goats Hunter
On the Spotmatic group I'm on, this has been referred to as "As the Takumar Turns".
In a nutshell:
Hoya tendered a merger agreement. Pentax accepted. Hoya hinted they might close or sell the camera division. Pentax' board of directors (BOD) freaked out and fired the pro-merger CEO, then called off the merger. Hoya had a deal in place that said they couldn't negociate with other buyers until May 31st, so Pentax was stuck until then. Some noises were made about Pentax going alone, but that wasn't feasible in today's market. In the end, apparently, the Pentax BOD realized they had no choice and accepted the merger.
Eventually, I'd expect Hoya to move the current Pentax BOD out. What's going to happen with the camera division is anyone's guess. Hoya mainly wanted the Pentax medical & optical divisions, which are the money makers.
In a nutshell:
Hoya tendered a merger agreement. Pentax accepted. Hoya hinted they might close or sell the camera division. Pentax' board of directors (BOD) freaked out and fired the pro-merger CEO, then called off the merger. Hoya had a deal in place that said they couldn't negociate with other buyers until May 31st, so Pentax was stuck until then. Some noises were made about Pentax going alone, but that wasn't feasible in today's market. In the end, apparently, the Pentax BOD realized they had no choice and accepted the merger.
Eventually, I'd expect Hoya to move the current Pentax BOD out. What's going to happen with the camera division is anyone's guess. Hoya mainly wanted the Pentax medical & optical divisions, which are the money makers.
S
Socke
Guest
captainslack said:
Sound plausible to me, they might sell the camera division to Samsung later.
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