Business News

Canon receives clearance from the Swiss competition authorities

Tuesday 22. 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 jointly announce that the Swiss competition authorities have granted clearance for Canon’s proposed acquisition of Océ without imposing any conditions. As announced on 21 December 2009, the anti-trust procedure in the United States is also completed.

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