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Hoya and Pentax announce that they have reached understanding aimed at management integration of the two companies. The structure of the new firm will be based on the concept of a small headquarters with empowered business divisions. Pentax Imaging will continue in the Imaging Systems Division, focusing on digital cameras, binoculars, etc. It will differentiate its offerings by specializing in high-value added products with unique technology where it has a competitive edge. The move is be completed by Oct. 1, 2007...
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