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.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.Make a donation