Konica and Minolta Agree on Merger

Japan's Konica Corp. and Minolta Co., two film photography giants struggling for a foothold in the digital era, said today they had agreed on a merger that could propel them into the big league. Konica, the world's third-largest photo film maker, and Minolta, a leading maker of SLR cameras struggling after poor financial results, already have a mutual supply deal in photocopier machines and a toner joint venture.

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