Nikon D7100 Canon EOS Rebel T5i Nikon D3300 Canon EOS 1200D Sony A5000 Nikon D4S
Nikon D7100 Canon EOS Rebel T5i Nikon D3300 Canon EOS 1200D Sony A5000 Nikon D4S
  News Headlines Apple Canon Casio Fujifilm HTC LG Nikon Nokia Olympus Panasonic Pentax Ricoh Rollei Samsung Sony  
Lets Go Digital
 
     
Powered by True
Counted by OneStat.com
Canon buys NEC Machinery Corporation
Ilse Jurriƫn : September 10th 2005 - 12:16 CET
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
   Canon EOS 700D - $749.00
   Nikon D7100 - $929.00
   Panasonic Lumix DMC TZ40 - $
   Sony CyberShot DSC HX300 - $398.00
   Canon IXUS 255 HS - $179.99
   Panasonic Lumix DMC TZ35 - $255.65
   Canon PowerShot SX280 HS - $
   Canon EOS 1100D - $299.00
   Sony CyberShot DSC HX50V - $318.99
   Nikon D5300 - $846.95


LetsGoDigital digital camera magazine
Latest Canon announcements
Canon PowerShot digital cameras
Canon PowerShot SX520 HS
Canon PowerShot SX400 IS
Canon digital SLR cameras and lenses
Canon digital camera manufacturing milestone
Canon imageFORMULA DR-C225 scanner
Canon EOS Rebel T5 sample photos
National Center for Missing & Exploited Children
Canon EOS 1200D sample images
Canon CanoScan LiDE Color Image Scanners
Android 4.4 KitKat mobile print solution
Canon PowerShot N digital camera awarded
Canon In Action Tour 2014
25th anniversary of the Canon EOS 1
Canon EF-M 55-200mm lens
 
Twitter LetsGoDigital
Latest news headlines
Canon bridge cameras
Logitech USB headset
Canon PowerShot digital cameras
Canon PowerShot SX520 HS
Canon PowerShot SX400 IS
Firmware update for Fujifilm X-Series cameras
Samsung wearable technology into Trek Bicycles
Samsung Galaxy K zoom
Fujifilm X-mount lenses
LaCie 5TB external hard drives
Samsung Galaxy S5 promotion video
Nanjing 2014 Youth Olympic Games
Pentax K-3 Prestige Gunmetal Edition
Verizon Wireless XLTE
Dual interface USB for Android smartphones & tablets
   
CanonCasioFujifilmNikonOlympusHTCSamsungSonyPanasonicNokia
  Accessories Android Apps Camcorders Digital cameras Mobile phones Smartphones Software Tablets   CES CeBIT Gadgets IFA Photokina PMA