Mergers & Acquisitions - News

Canon's purchase of Axis could be the start of a series of acquistions in 2015 This is a massive development in the video surveillance equipment market. Until last year, Canon was a small player in this market. However, back in August 2013, it revealed big ambitions when its CEO, Fujio Mitari, spoke about security cameras becoming an “important pillar” for the company and the market having “limitless possibilities for growth”. Then in June 2014, C...

Background This statement is made by the Board of Directors (the “Board of Directors”) of Axis Aktiebolag (the “Company” or “Axis”) pursuant to section II.19 of Nasdaq Stockholm’s Rules concerning Takeover Bids on the Stock Market (the “Takeover Rules”). Canon Inc. (“Canon”) has recently announced a public offer to the shareholders of Axis to transfer all of their shares in Axis to Canon for a consideration of SEK 340 in cash pe...

Canon Inc. has made a public offer to the shareholders of Axis Communications to transfer all of their shares in Axis to Canon for a consideration of SEK 340 in cash per share in the Company. The total value of the offer is approximately $ 2.8 billion. If the offer is accepted this will be the Canon's biggest acquisition to date. Axis has released a statement of the Board of Directors in relation to the offer. Based on a financial short and mid-term perspective, the Board of Directors have conc...