UPDATE 1-Canon extends Axis offer period, says will not sweeten bid

April 8, 2015 8:36 AM

64 0

TOKYO, April 8 (Reuters) - Canon Inc said it was extending the offer period for its proposed $2.7 billion takeover of Swedish video-surveillance firm Axis AB after falling short of its ownership goals, but stressed it would not be raising its bid.

Seeking to expand in the fast-growing surveillance camera business amid flagging sales of digital cameras, Canon is set to secure a holding of 76 percent after its earlier acceptance period expired, but it is aiming to take full control.

Read more

To category page