{"id":27003,"date":"2007-10-29T11:40:00","date_gmt":"2007-10-29T11:40:00","guid":{"rendered":"http:\/\/amateurphotographer.co.uk\/uncategorized\/pentax-and-hoya-merger-plan-statement-27003"},"modified":"2014-09-02T18:19:39","modified_gmt":"2014-09-02T17:19:39","slug":"pentax-and-hoya-merger-plan-statement","status":"publish","type":"post","link":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/pentax-and-hoya-merger-plan-statement\/","title":{"rendered":"Pentax and Hoya merger plan statement"},"content":{"rendered":"

In a change of plan Hoya will ?merge? with Pentax on 31 March 2008, instead of Pentax becoming a ?wholly-owned subsidiary? of Hoya. The move is designed to strengthen Pentax businesses by enabling Pentax management to put plans into practice more quickly.<\/p>\n

The two companies had originally planned to merge in an agreement first discussed in December last year.<\/p>\n

But subsequent talks led to Hoya buying around 90% of Pentax shares, thereby making Pentax a wholly-owned subsidiary of Hoya<\/a>.<\/p>\n

However, in a statement issued today the firms state: ?We thought that it would be significant to demonstrate the mobility and flexibility of the management in order to strengthen the principle businesses of Pentax. <\/p>\n

?It is desirable for each business unit of Pentax to be enabled to make management decisions and to take actions as promptly as the business units of Hoya do, and to appropriately allocate the management resources within the Hoya group taken as a whole, not within the small framework of a subsidiary. To that end we reached a conclusion that the management integration through a merger as initially contemplated would be most appropriate.?<\/p>\n

The Pentax brand will remain following the merger ?in light of its importance and economic value?, added the statement.<\/p>\n

For full details visit Pentax Japan<\/a><\/p>\n

For related articles on this see below:<\/p>\n

Hoya outlines plans for Pentax<\/a><\/p>\n

update 25 May<\/a><\/p>\n

Pentax dismisses speculation<\/a><\/p>\n

Pentax 645D news<\/a><\/p>\n

DSLR policy unclear<\/a><\/p>\n

Get 50p off What Digital Camera Guide<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In a change of plan Hoya will \u2018merge\u2019 with Pentax on 31 March 2008, instead of Pentax becoming a \u2018wholly-owned subsidiary\u2019 of Hoya. The move is designed to strengthen Pentax businesses by enabling Pentax management to put plans into practice more quickly.<\/p>\n","protected":false},"author":324,"featured_media":27004,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39],"tags":[],"product-category":[],"class_list":["post-27003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-photo-news"],"yoast_head":"\nPentax and Hoya merger plan statement - Amateur Photographer<\/title>\n<meta name=\"description\" content=\"In a change of plan Hoya will \u2018merge\u2019 with Pentax on 31 March 2008, instead of Pentax becoming a \u2018wholly-owned subsidiary\u2019 of Hoya. 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