In a saga which (publicly) began in December last year and has seen Pentax fighting Hoya's approaches on various fronts including the resignation of their president Fumio Urano last month and talk of selling its headquarters in Tokyo looks to be finally coming to an end. According to numerous reports Pentax's board of directors has today approved the deal and the merger will go ahead next month. Additionally Pentax's board members have agreed to resign after the Hoya takeover goes through.

Source: Debbie