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05-26-2007, 07:16 AM   #1
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Pentax announcement on Management

ANother bust for DPR and their crappy article brought to you from Bloomberg and an official from Pentax:

Pentax Says No Decision Has Been Taken on Management Changes

By Kiyori Ueno

May 26 (Bloomberg) -- Pentax Corp., Japan's oldest single lens reflex camera maker, said it has made no decision on management change at this point, after a news report it would name Nobuaki Tanishima as president after a takeover by Hoya Corp.

``No decision has been made at this point,'' Pentax said in a statement to the Tokyo Stock Exchange today. ``When there is something to disclose we will announce it swiftly.''

Pentax yesterday told Sparx Group Co., its biggest shareholder, that Tanishima, in charge of corporate planning, will succeed President Takashi Watanuki, the Nikkei newspaper said earlier today, without citing sources.

Watanuki and seven other board members will resign to take responsibility for causing confusion over a merger with Hoya, the newspaper reported on May 24. The Pentax board will probably accept Hoya's takeover at an extraordinary meeting on May 31.

Hoya, Japan's largest maker of optical glass, offered in December to buy Pentax in a share swap valued at 90.6 billion yen ($744 million) at the time. In April, Hoya increased the bid and switched to a cash offer of 770 yen a share, after its stock price dropped about 10 percent.

To contact the reporter on this story: Kiyori Ueno in Tokyo at

05-31-2007, 12:05 AM   #2
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Have a look on that one too:

HOYA and PENTAX Reach Basic Understanding for Management Integration

oups, nevermind... old news.... sorry about that

Last edited by celetron; 05-31-2007 at 12:17 AM.

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