Canon buys Dutch printing company for $1.01 billion

Japan's Canon will buy Dutch printing company OcT for $1.01 billion to enhance its capabilities in document management and outsourcing.

Tokyo-based Canon said yesterday it will buy Dutch printing firm Océ for an equity value of 730 million $1.01 billion

Canon is offering a price of 8.60 per share of Océ, translating to a premium of 70% over the closing share price on November 13 and 137% to the average closing price of the shares over the last 12 months. Canon intends to corner all Océ's outstanding shares via the open offer and then delist it from the...

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