UPDATE 3-Canon buys Dutch Oce for $1.1 bln, fights Ricoh

Mon Nov 16, 2009 9:29am GMT
 
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* Canon to offer 8.60 euros/shr, including dividend

* Deal worth 1.5 bln euros including debt, other obligations

* Oce management and supervisory board support offer

* Some pref holders and shareholders support deal

* Oce shares up 68.6 pct

(Adds analyst comment, details, share price)

By Kiyoshi Takenaka and Gilbert Kreijger

TOKYO/AMSTERDAM, Nov 16 (Reuters) - Japan's Canon (7751.T) plans to buy Dutch copier and printer maker Oce (OCEN.AS) for 730 million euros ($1.09 billion) as it tries to return to growth after the global downturn and fight rival Ricoh.

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

 

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