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Sony proposes acquisition of Japanese lens maker Tamron

Reuters +2 ·

SONY Sony Group Corp ADR
$22.77 -2.15%
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  1. 1Japanese camera lens manufacturer Tamron (7740.T) said it has received an acquisition proposal from Sony Group (SONY) and has formed a special committee to review its options.
  2. 2Sony has made a non-binding proposal for a series of transactions that would make Tamron a wholly owned subsidiary; financial terms were not disclosed.
  3. 3Sony currently holds a 14.7% stake in Tamron and said the proposal would contribute to Tamron's corporate value and the development of Sony's imaging business.

This 3-line summary is compiled from the report below.

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