Stock prices of both companies have been rising dramatically since the merger plans were announced earlier this year. The integration scheme, announced on August 5, saw the bringing together of six Konica companies, and three Minolta companies and a Corporate Business Support and R&D operation under the banner of Konica Minolta Holdings Inc., based in Tokyo. There are now eight Konica Minolta arms, including Business Technologies, Photo Imaging, Camera, Opto, Medical & Graphics, Sensing, Technology Centre, and Business Experts.