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Hoya, Seiko Epson Begin Talks About Transfer of Seiko's Optical Products Business

April 10, 2012 10:30 AM

TOKYO— Seiko Epson Corp. (6724: Tokyo) and Hoya Corp. (7741:Tokyo) announced that they have today agreed to begin negotiations about a transfer to Hoya of Epson's optical products business. The proposed transfer aims to promote global expansion of the business by combining the assets of the two parties, according to a joint statement issued by the companies.
Seiko and Hoya said that based on today's agreement, they are looking to conclude a contract at the earliest opportunity. The companies also said Hoya has come to an agreement with Seiko Holdings Corp. concerning an alliance about sales of eyewear products.

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