Canon increases stake in copier maker Océ

Canon has increased its take in printer maker Océ to 25.4%, the Financieele Dagblad reported on Tuesday.

The Japanese firm launched a €730m bid for Océ last month, when it owned 21.3% of the shares outstanding.
However, asset manager Orbis Fund, which owns 10% of Océ said Canon’s €8.60 a share offer ‘significantly undervalues’ Oce’s assets and it does not want to sell its stake at that price.

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