Canon and Oce creating global leader in printing industry

Canon intends to acquire all ordinary shares of Océ through an all cash public offer. The two companies aim to create the overall ‘number one’ presence in the printing industry. The acquirement will capitalise on excellent complementary fit in product range, channel mix, R&D, and business lines resulting in an outstanding client offer. Canon is making an offer of Euro 8.60 per Share (cum dividend) for 100 percent of the outstanding Shares of Océ, representing a premium of 70 percent over Océ’s closing share price of Friday 13 November 2009 and 137 percent to the average share price over the last 12 months.