Canon To Buy Océ For $1.09 Billion

Canon will be buying Océ, the biggest European printer company for $1.09 billion according to an announcement that the two companies made on Monday. Canon will be buying the company based on $12.88 per share. This is a 70% premium than Océ’s stock price on Friday.

“The printing industry currently is in a period of consolidation,” stated the two companies, “driven by the undeniable fact that scale is increasingly important, especially in R&D and manufacturing.”

Related posts:

1. Canon EOS 7D 18 Megapixel 24FPS HD Video Camera Review
2. Canon PowerShot SX1 IS Coming To The U.S. In April With 20x Ultra-Zoom
3. Canon G11 Specs Revealed
4. Canon PowerShot D10 Is Waterproof & Dressed In Camouflage
5. Canon Planning To Build $180 Million Camera Factory