(Reuters) - Hoya will offer 770 yen for each Pentax share, in line with its earlier proposals. Ahead of the announcement, Pentax shares closed up 0.52 percent at 776 yen.
"There seems to be some expectations in the market that the TOB might not go through under the current conditions and Hoya could be forced to raise its bid price," said Ken Masuda, a senior dealer in equities at Shinko Securities.
Read more at Reuters.com Mergers News
"There seems to be some expectations in the market that the TOB might not go through under the current conditions and Hoya could be forced to raise its bid price," said Ken Masuda, a senior dealer in equities at Shinko Securities.
Read more at Reuters.com Mergers News
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