Pentax scraps merger with Hoya, picks new president

Pentax scraps merger with Hoya, picks new president

TOKYO, Japan - Takashi Watanuki, 54, a former corporate vice president who was appointed president of camera maker Pentax Corp. on April 10 following a boardroom power struggle that ended with the ouster of Fumio Urano as company president. Urano had pushed for a merger with Hoya Corp. Pentax says it has given up on a planned merger with Hoya, following opposition from some of its major shareholders and discord within its management team.

Pentax president to resign over conflict on merger talks

Pentax president to resign over conflict on merger talks

TOKYO, Japan - Fumio Urano, who reportedly will resign as president of Pentax Corp. by the end of May to take responsibility for a conflict on the camera maker's board of directors over merger talks with Hoya Corp. (File photo).

Hoya, Pentax to merge next Oct. to enhance medical operations

Hoya, Pentax to merge next Oct. to enhance medical operations

TOKYO, Japan - Fumio Urano (R), president of camera manufacturer Pentax Corp., and Hiroshi Suzuki, chief executive officer of leading optical glassmaker Hoya Corp., shake hands after their joint press conference in Tokyo on Dec. 21. They announced that the two companies will merge on Oct. 1, 2007.

Hoya, Pentax to merge next Oct. to enhance medical operations

Hoya, Pentax to merge next Oct. to enhance medical operations

TOKYO, Japan - Fumio Urano (R), president of camera manufacturer Pentax Corp., and Hiroshi Suzuki, chief executive officer of leading optical glassmaker Hoya Corp., shake hands after their joint press conference in Tokyo on Dec. 21. They announced that the two companies will merge on Oct. 1, 2007. (Kyodo)

Pentax scraps merger with Hoya, picks new president

Pentax scraps merger with Hoya, picks new president

TOKYO, Japan - Takashi Watanuki, 54, a former corporate vice president who was appointed president of camera maker Pentax Corp. on April 10 following a boardroom power struggle that ended with the ouster of Fumio Urano as company president. Urano had pushed for a merger with Hoya Corp. Pentax says it has given up on a planned merger with Hoya, following opposition from some of its major shareholders and discord within its management team. (Kyodo)