Hoya buys Pentax
Posted by fotoviva on May 05, 2007 in Photography News tagged withIn a surprising move, one of the leading optical glass makers Hoya are to buy out Camera manufacturer Pentax - or at least have them under their name. The merger has been going on for some time behind the scenes with twists and turns in negotiations resulting in a feud within Pentax. The two companies had reached a basic agreement on the merger in December, but Pentax made a change of presidency and cancelled the plan to merge with Hoya citing reasons why the company could survive on its own. Hoya then prepared a takeover bid for Pentax in an effort to bring about the merger. After much debat

