Business News

US waiting period terminated without second request

Monday 21. December 2009 - Reference is made to the joint press releases of Canon Inc. (trading symbol CAJ) ("Canon") and Océ N.V. (trading symbol OCE) ("Océ") of 16 November 2009 announcing that Canon intends to make a fully self-funded, public cash offer for all the issued and outstanding ordinary shares of Océ (the "Ordinary Shares") at an offer price of € 8.60 in cash per Ordinary Share (the "Offer") and 14 December 2009 in respect of the progress being made on the preparations of the Offer.

Today, Canon and Océ announce that in relation to their proposed transaction the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has expired as of 18 December 2009, without a second request. The anti-trust procedure in the US is in this way completed.

Clearance from the EU, Swiss and Taiwanese competition authorities is still to be obtained, but the filing procedures are on track.