Sony Proposes Acquiring Camera Lens Maker Tamron
Tamron set up a committee to review Sony’s proposal as the Japanese lens maker weighs a full buyout that would make it a wholly owned subsidiary.
- On Thursday, Japanese camera lens maker Tamron announced it received a non-binding acquisition proposal from Sony Group to turn the company into a wholly owned subsidiary.
- Sony, which currently owns 14.7% of Tamron according to LSEG data, seeks to enhance its imaging business through the acquisition of a lens supplier for Nikon and Canon.
- In early Tokyo trade on Thursday, Tamron shares were untraded with a glut of buy orders; the company had a market capitalization of $1.18 billion as of Wednesday's close.
- Tamron established a committee to review its strategic options and potential transactions in response to the non-binding proposal from Sony.
- Singapore-Based Effissimo Capital remains the largest shareholder with 17.4%, while Sony faces recent pressure from investor concerns over high memory chip prices and artificial intelligence.
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Sony proposes acquiring camera lens maker Tamron
Japanese camera lens maker Tamron received an acquisition proposal from Sony Group. Sony made a non-binding offer to turn Tamron into a wholly owned subsidiary. Tamron established a committee to review its strategic options and potential transactions. Sony, a camera and image sensor maker, seeks to enhance its imaging business. Tamron supplies lenses for Sony, Nikon, and Canon cameras.
Sony proposes full acquisition of Tamron, the lens maker that also supplies Nikon and Canon
Tamron has formed a committee to review Sony’s non-binding proposal; the technology group already owns 14.7% of the lens maker and wants to make it a wholly owned unit.
Sony makes acquisition proposal for Japan camera lens maker Tamron
TOKYO, July 30 : Sony Group has made a proposal to acquire Tamron Co, the Japanese camera lens maker said on Thursday, adding it has established a special committee to review various options. Sony has made a non-binding proposal for a series of transactions to make Tamron a wholly owned Sony subsidiary, the o
Sony owns a key slice of Tamron shares. A report hints that Sony wants more
Sony has held a slice of shares in third-party lens maker Tamron for multiple years, but an investigation led by a Japanese business publication hints that the camera giant has explored acquiring all of the shares in Tamron.According to interviews from the Japanese business publication Diamond, Sony has proposed an offer to acquire all of the shares in Tamron. The report suggests a 200 billion yen proposal, which would be about $1.2 billion / £9…
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