"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."
I'll preface this by saying that I know little about the corporate world. There were reports that Pentax management would attempt to counter Hoya's offer, and were talking to sources of finance about this. Was this to buy up the Pentax shares held by Sparx and Fidelity, or to buy up Pentax shares on the open market? If so, selling their Tokyo HQ could be a way to raise funds for this move. But this is getting more complicated than I'm capable of thinking through. Joe -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
