Hints and tips:
...The Océ acquisition helped to kick-start the group’s move into services....
...Mrs Weckwerth had a €1.7m divorce settlement and put €1m into Océ between February and September 2009....
...From Bloomberg: Two girlfriends of former Mizuho International Plc investment banker Thomas Ammann were found not guilty of illegally trading on tips from him about Canon Inc.’s acquisition of OCE NV....
...The City regulator alleges that Thomas Ammann, 38, passed inside information on the 2009 takeover of Oce NV a Dutch copier maker, by Canon that he gleaned while advising Canon as a Mizuho employee....
...Canon announced a €1.3bn (£1.1bn) bid for Oce in November of that year. Mizuho was Canon’s adviser on the deal....
...Océ makes high-end digital printers used to print bank statements or brochures....
...In that context, Océ was an entrée....
...Canon will decide by Thursday whether to extend the offer period for its acquisition of Océ, the Dutch photocopier manufacturer, after meeting resistance from some minority shareholders....
...Canon is offering a 70 per cent premium to the price of Océ shares before the bid....
...Canon’s €8.60 a share indicative offer for Océ last November gave Océ an enterprise value of €1.32bn....
...ING is advising Océ and Lazard is advising Océ’s supervisory board....
...Canon’s €730m ($1.1bn) agreed bid for digital printing rival Océ was challenged on Wednesday when a large Océ shareholder said the offer “significantly undervalued” the Dutch company’s shares....
...However, raise Océ’s margins to Canon’s levels by cutting overlap and Hermes argues that Océ would be worth as much as €36.40 a share. It is unlikely that Canon has a hidden agenda of rapid cost cuts....
...ING advised Océ and Lazard advised Océ’s supervisory board....
...In November Canon made an offer for Dutch rival Océ....
...Finetech also makes wide-format printers, as does Océ, the Dutch company Canon is acquiring at an enterprise value of €1.32bn ($1.8bn). Canon said the two deals are not connected....
...Canon rose 3 per cent to Y3,470 after it unveiled plans to buy Dutch copier and printer maker Oce for $1.1bn. Seoul also suffered from weakness in exporters as the won hit a 14-month high....
International Edition