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Canon commences ‘squeeze out procedure’

Canon offers € 9.75 per ordinary Océshare
January 30, 2012 | By IPP Newsdesk (based on a press release)

Canon hereby announces that the writ of summons commencing formal statutory buyout proceedings under Dutch law (‘squeeze out procedure’) to acquire the remaining shares in Océ was issued by Canon Finance Netherlands, a Canon wholly owned subsidiary in the Netherlands on 24 January 2012. The proceedings will be instituted by the Enterprise Section of the Amsterdam Court of Appeal.

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