Friday, April 13, 2007

UPDATE 1-Pentax tells Hoya it will mull tender bid -source

(Reuters) - TOKYO, April 13 - Pentax Corp. told Hoya Corp. on Friday it plans to consider a tender offer bid as a possible scheme for their planned merger, a Pentax source told Reuters.

High-tech glass maker Hoya has been seeking to start a dialogue with Pentax after the camera maker decided to scrap an earlier share-swap merger plan that was announced in December, and it appointed a new president on Tuesday.


Read more at Reuters.com Mergers News

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