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Canon grabs 21.3 per cent of Oce shares to secure ownership

Objections to the takeover by UK fund Orbis unlikely to stop the billion dollar takeover following on-market share acquisition by Canon
November 19, 2009 | By Print21 Online

One day after Canon announced its intention to buy the Dutch-based Océ for 8.58 EURO (Rs.594.19) per share it went public on the market to snap up 16.9 per cent of Océ’s total issued capital at the relative bargain price of 8.53 EURO (Rs.590.67) per ordinary share. This gives Canon a strategic 21.3 per cent of Océ’s total ordinary shares to help its takeover bid. ...cont´d

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