The price was sweet enough for Pentax to finally accept Hoya’s tender offer of $864-million, paving the way for the merger of both companies.
They call it “management integration†and Pentax now becomes part of Hoya as a wholly-owned subsidiary. But Pentax will remain legally independent and will maintain its corporate name.
The final deal ends months of on-again, off-again – sometimes acrimonious, sometimes confusing – negotiations between the two sides who finally agreed to tie the knot after all.
May they live happily ever after.
[Via: Reuters.com]