April 10, 2007

Pentax and Hoya Management Integration

At the extra-ordinary meeting of its Board of Directors held on April 10, 2007, PENTAX Corporation adopted following resolutions concerning the management integration with HOYA Corporation.

1. With regard to the current discussion concerning the merger of PENTAX Corporation and HOYA Corporation, it has been resolved that the merger shall be abandoned at this point in time due to conditions within the company as well as conditions outside the company including shareholders.

2. However, it has been resolved to continue discussions on management integration in a broader sense with HOYA Corporation, based on the December 21, 2006 basic understanding between HOYA Corporation and PENTAX Corporation.

Posted by Webmaster at April 10, 2007 07:50 PM