The price was sweet enough for Pentax to finally accept Hoyaâ€™s tender offer of $864-million, paving the way for the merger of both companies.
They call it â€œmanagement integrationâ€ 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 â€“ sometimes acrimonious, sometimes confusing â€“ negotiations between the two sides who finally agreed to tie the knot after all.
May they live happily ever after.