Hoya Buys Pentax for $864M

Hoya Pentax Logo

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]

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.