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Hoya Corporation

Hoya Corporation TypePublic company
TYO: 7741Founded Tokyo, Japan(November 1, 1941) Headquarters Tokyo, JapanKey people Hiroshi Suzuki, President & CEO IndustryElectronic Compo-Misc ProductsOptical and other products Employees3,220 (HOYA Group Total: 25,176) as of March 31, 2006 WebsiteHoya Corporation

Hoya Corporation (HOYA株式会社, Hoya Kabushiki Gaisha?) is a Japanese company that manufactures optical products ranging from laser equipment to contact lenses. The headquarters are in 2-7-5 Naka-Ochiai, Shinjuku-ku, Tokyo. It is probably best known for being one of the worlds leading manufacturers of photographic filters.

Hoya was discussing a merger with Pentax into Hoya Pentax HD Corporation. The merger was initially intended to be completed by October 1, 2007.[1] However, Pentax management decided to not pursue the originally planned share swap, and other options for a merger were discussed.[2] On May 25th, the Pentax board of directors accepted Hoya's offer for a merger.[3] On August 6, 2007, Hoya completed a friendly takeover bid for Pentax and acquired 90.59% of the company.[4] On October 29, 2007, Hoya and Pentax announced that Pentax, as the company ceasing to exist, will merge with and into Hoya on March 31, 2008.[5] Hoya will retain the Pentax brand name.

The company has been criticized for supplying laser glass slabs to the National Ignition Facility (NIF) at the Lawrence Livermore National Laboratory.[6] The Mayors of Hiroshima and Nagasaki have sent protest letters to the company.

Notes

  1. ^ Hoya and Pentax to merge. dpreview.com
  2. ^ http://www.hoya.co.jp/data/current/newsobj-382-pdf.pdf
  3. ^ Pentax finally accept Hoya offer: Digital Photography Review
  4. ^ Notice Regarding the Results of the Tender Offer for the Shares of PENTAX Corporation and Change of Subsidiary. HOYA Corporation (2007-08-07). Retrieved on 2007-08-07.
  5. ^ Public Notice of Execution of Merger Agreement. HOYA Corporation & PENTAX Corporation (2007-10-29). Retrieved on 2007-10-31.
  6. ^ Japanese Optical Glass Giant Involved in U.S. Nuclear Weapons Development

External links

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