Canon to buy Dutch Oce for $2.2 b


Copier and digital camera maker Canon and Oce said in a joint statement on Monday that Canon intends to offer 8.60 euros per share, or 730 million euros for Oce’s total common shares outstanding.

“Through the merger of Canon and Oce, we believe that we will be able to realise clear benefits, not only in the area of R&D, but also in terms of product mix and marketing,” Canon Chief Operations officer Tsuneji Uchida said in a statement.

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