Canon and Océ report ‘good progress’ in acquisition offer

Both companies confirmed that notifications have been filed with the competition authorities of the European Union, the United States, Switzerland and Taiwan.

Canon said that it expects to submit a request for approval of the offer to the Netherlands Authority for the Financial Markets before 8 February, 2010.

Earlier this month, Canon acquired approximately 20% of Océ's share capital, with shares in the manufacturer rising marginally above the original €8.60 offer price following an objection from major shareholder Orbis.

Canon has made a €730m (A$1.17bn) cash offer for Océ with a view to creating "the number one presence" in the digital market.

Read the original article at www.printweek.com.

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at editorial@sprinter.com.au.  

Sign up to the Sprinter newsletter

Leave a comment:

Your email address will not be published. All fields are required

Advertisement

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.
Advertisement