Hoya Eyes Global Expansion With Epson Glasses Biz Buy

Law360, New York (November 16, 2012, 5:00 PM EST) -- Japanese eyeglasses maker Hoya Corp. will take a controlling stake in Seiko Epson Corp.'s lens development and manufacturing business, in line with the companies' partnership to widen their offerings and lift sales around the globe, Hoya said Friday.

Financial terms of the deal were not disclosed, and Hoya did not say how it would fund the purchase. The company said it planned to finalize the transfer by Feb. 1, almost a year after Hoya first confirmed in April that it was in talks to potentially absorb...
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