Amateur Photographer Magazine

Pentax to 'accept' Hoya offer

Friday 25th May 2007

Chris Cheesman

Pentax will come under more pressure to officially state whether it will formally accept a takeover bid by Hoya, after growing reports that the deal has been done.

As we reported on Wednesday, Pentax UK has continued to dismiss press reports as 'speculation' and refused to comment on articles suggesting that its Japanese HQ has agreed to accept Hoya's takeover offer.

Reports today appear to flesh out more details on the takeover, suggesting that the new board will be made up of two Pentax representatives, two from Hoya and one outside director.

Previous reports suggested that six Pentax directors would hold their positions on the board. See here:

Pentax dismisses speculation

Both companies are expected to hold board meetings on the issue on 31 May.

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