Pentax Cancels Merger With Hoya

Posted: Apr 10 2007, 5:00am CDT | by , Updated: Aug 11 2010, 1:28am CDT, in News | Technology News

 
Pentax Cancels Merger with Hoya
/* Story Top Left 2010 300x250, created 7/15/10 */ google_ad_slot = "8340327155";

The Pentax board overturned Fumio Urano as president and appointed Senior Executive Officer Takashi Watanuki as his successor.

The new Pentax management canceled the merger with the optical equipment maker Hoya Corp.,.

Hoya is still considering a merger and wants to continue to talk.Pentax cut its full-year profit forecast because of price declines of parts used in digital cameras. The company projects 31 billion yen ($260 million) net income for the year ended March, less than 34 billion yen earlier forecast.
More details on the Nikkei.Net (Subscription) and on Bloomberg.

This story may contain affiliate links.

Loading...

Find rare products online! Get the free Tracker App now.


Download the free Tracker app now to get in-stock alerts on Pomsies, Oculus Go, SNES Classic and more.

Latest News

Comments

The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
Luigi can be contacted directly at ml[@]i4u.com.

 

 

Advertisement

comments powered by Disqus