Sony proposes acquiring camera lens maker Tamron
Tokyo: Japanese camera lens maker Tamron said on Thursday it has received an acquisition proposal from Sony Group and that it has established a committee to review its options.
The optical components manufacturer said in a statement that Sony made a non-binding proposal for a series of transactions to turn it into a wholly owned subsidiary.
Tamron’s shares were untraded with a glut of buy orders in early Tokyo trade. The company had a market capitalisation of $1.18 billion as at Wednesday’s close. Sony’s shares were down 1.7%.
