Canon Announces Public Cash Offer to the Shareholders of Axis

TOKYO, Japan, February 10, 2015 – Canon Inc. (“Canon”; Chairman and CEO: Fujio Mitarai) today announces that it has decided to make a recommended public cash offer (the “Offer”) to the shareholders in the Swedish company Axis AB (“Axis”; President and CEO: Ray Mauritsson) to tender all their shares in Axis to Canon. Completion of the Offer is subject to a number of conditions. The Axis shares are listed on Nasdaq Stockholm. Funds Required for the Purchase (Estimated) approx. 23.6 billion Swedish krona (Approx. $2.8 billion) when all issued shares in Axis are acquired. [read more]