Apple iPad Pro 2017 Samsung Galaxy S8 Apple iPhone Edition Samsung Galaxy Note 8 HTC 11 Sony Xperia L1
Apple iPad Pro 2017 Samsung Galaxy S8 Apple iPhone Edition Samsung Galaxy Note 8 HTC 11 Sony Xperia L1
  2017 NEWS APPLE CANON FUJIFILM HTC HUAWEI LG NOKIA NIKON OLYMPUS PANASONIC PENTAX SAMSUNG SONY  
Samsung Galaxy
 
     
Powered by True
Counted by OneStat.com
Ilse Jurriƫn : September 10th 2005 - 12:16 CET

Canon buys NEC Machinery Corporation


Digital Camera Review Test Appareil Photo Numerique Prueba camara digital Digitale Camera Test Dijital Kamera Incelemeleri Digitalkamera Test Digitalkamera
CanonCanon buys NEC Machinery Corp. : Canon, Japan's top copier and digital camera maker, announced that it will pay about 5.1 billion yen ($46 million) to buy 54 percent of NEC Machinery Corp. a unit of NEC Corp. Canon said NEC Machinery, a maker of chip-manufacturing equipment, possessed advanced manufacturing technologies for automation equipment and the acquisition would help Canon speed up its on-going cost-cutting effort. Canon will pay 1,212 yen a share for NEC Machinery, a 21 percent premium to its 1,000 yen closing price. "It's a positive move. I think it was a cheap, good purchase," said Mizuho Securities analyst Ryosuke Katsura. "This goes along with Canon's plan to further cut costs in production, and it found a good deal."
Canon buys NEC Machinery CorporationCanon shares - NEC Machinery Corp.
NEC, Japan's third-largest electronics conglomerate, owns 39.6 percent of NEC Machinery, while its affiliated unit NEC Kansai Ltd. owns 14.3 percent. The two had agreed to sell the shares, Canon said. Since Canon did not set an upper limit on the tender offer, NEC Machinery's shares could be delisted although Canon said that was not its intention. If the shares were delisted, Canon said it would consider making NEC Machinery a wholly owned subsidiary. Canon will also acquire from NEC a 100 percent stake in Anelva, an unlisted unit of the electronics giant that makes equipment for the fabrication of semiconductors and LCDs.

Terms of the Anelva sale were not immediately available
Investors have been waiting to see how Canon would use a growing cash pile that is expected to top 1 trillion yen this year. Canon has said that it was looking to acquire companies to propel its earnings growth. Prior to the announcement, shares in Canon closed down 0.53 percent at 5,640 yen while NEC's stock ended down 0.34 percent at 588 yen. That compared with a 0.37 percent decline in the Tokyo stock market's electric machinery index.





   Canon EOS 5D preview
   Buy the Canon EOS 5D
   Canon photographic imaging products at IFA 2005
   Next  BenQ PE7700 home theatre projector awarded by EISA
   Previous  Samsung MultiMediaCards MMCplus & MMCmobile card
   News by brand:Canon
   News by category:Source of Information
   News by brand and category:Canon Source of Information


Android smartphone
Latest Canon announcements
Canon EF-S 35mm f/2.8 IS STM macro lens
Canon EOS 6D Mark II full-frame camera
Canon offers ProStream premium printing solutions
Canon DLP projector with Interchangeable Lens system
Canon EOS 800D / EOS Rebel T7i test pictures
Canon EOS 77D sample images
Canon unveils 2017 EOS DSLR camera bodies
Canon EOS M6 sample pictures
Canon EOS M6 system camera
Canon Powershot G9 X Mark II sample photos
Canon PowerShot G9 X Mark II and VIXIA camcorders
Canon Powershot G5X digital camera wins Award
Canon i-SENSYS multi-functional printers
Canon interchangeable lenses for EOS cameras
Canon global shutter-equipped CMOS sensor
 
Twitter LetsGoDigital
Latest news headlines
iPhone 8 becomes OLED iPhone
Galaxy S8 price details for phone components
Motorola Moto Mods compatible with Moto Z2 Force
How Samsung will test its new Galaxy devices
Samsung picks Google Music for new Galaxy devices
HTC video shows U 11 Edge Sense
Samsung premium TV lineup support HDR10+
Samsung semiconductor components powers Galaxy S8
Availability announcement Galaxy S8 smartphones
Nick Jonas 2017 video contest
How Samsung recycles Galaxy devices
Best Gear smartwatch face 2017
2017 QLED TV design advantages
Apple CarPlay available in new Scania trucks
Sprint Galaxy S8 Duo deal
   
  5G Accessories Android Galaxy iPhone Camera Mobile phones Rumors Premium Smartphones Smartwatches Tablets TV   CES CeBIT IFA Photokina PMA