Canon Inc. (7751.TO) said Monday that it plans to spend EUR730 million to launch an agreed takeover offer for Dutch printer maker Océ NV (OCE.AE).
The Japanese firm said in a statment plans to launch the tender offer between January and March next year and will offer EUR8.6 per share. Océ generated EUR2.9 billion in revenue in 2008.
-By Yuzo Yamaguchi, Dow Jones Newswires, +813 6895 7563; yuzo.yamaguchi@dowjones.com