Vivitar to be bought by Syntax-Brillian

Reuters and Digitimes are reporting that Syntax-Brillian are set to buy Vivitar Corporation for $26 million in stock to enter the digital camera market:

"Vivitar has a diverse portfolio of intellectual property assets and patents and maintains a variety of international distribution channels in the US, France, the UK and Hong Kong. In the US, Vivitar sells its products through mass merchandisers, including Wal-Mart, Comp USA, Office Depot and Radio Shack. In Europe, Vivitar products can be found at major retailers, including Tesco, Woolworth's, E.LECLERC (France), Saturn (Germany) and others. Vivitar products are also sold through photo specialty stores, film labs, consumer electronics stores and catalogs. Total revenue for Vivitar in 2005 was approximately US$120 million."