Canon announces recommended public cash offer for Axis
Canon Inc. has announced a recommended public cash offer to the shareholders in the Swedish company Axis Aktiebolag to tender all their shares in Axis to Canon. The total value of the offering amounts to approximately SEK 23.6 billion.
Canon, with its headquarters in Tokyo, Japan, is a leader in the fields of professional and consumer imaging equipment and information systems. Canon’s common shares are traded on the First Section of the Tokyo Stock Exchange and its American Depositary Receipts are traded on the New York Stock Exchange.
Axis is the global leader in the network video solutions industry and the company’s shares are listed on Nasdaq Stockholm.
Canon is advised by Mannheimer Swartling on the offer. The firm’s team includes Biörn Riese, Eva Hägg, Patrik Marcelius, Emil Boström, Håkan Knutsson, Magnus Olsson, Viktor Nykvist, Oscar Björkman Possne, Sam Seddigh, Adam Söderberg and Johan Tholander. The team also includes Johan Carle, Daniel Kim, Anton Lundmark, Klas Arvidsson and Alexander von Kleist, as regards competition matters.