Canon takes control at Océ

Canon is now effectively in control of Océ having secured a 71% majority stakeholding in company. The move follows opposition from various shareholders to Canon’s takeover bid for the Dutch manufacturer but it has been announced that just over 43% of Océ shares were tendered under the Canon offer by the time of the acceptance closure period on 1 March. These, together with the shares already held by Canon, give the Japanese company 71.3% of Océ, which has declared the offer unconditional. Shareholders who have not yet tendered their shares have until 19 March to do so.  

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