>I felt the words "strategies... crafted to block a takeover bid" are what >gave the news a different slant. > >To me that is highly relevant. I am sorry, Tom, if you think I was saying >anything else. > >HTH, Marnie aka Doe :-) >
As far as the news is concerned, I don't quite understand how Pentax mgmt. thinks this will block a takeover bid. Hoya simply has to tender an offer and it will likely go to a vote. What Pentax is implicitly admitting here is that they been going down the wrong path, flushing precious resources down the drain, and *now*, just *now???*, they're waking up and going to make changes? First off by nixing development of their acclaimed flagship? (I agree that I don't think it would have been profitable in the face of competition, but this is an about face). This would not engender confidence in me, were I a shareholder, nor would the sale of a high percentage of corporate property in Tokyo. I'd be saying, yikes... might be better to sell ourselves to Hoya. Tom C. -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
