June 25, néolouvaniste IRIS Group SA is 100% owned by Canon. The conclusion of a closely since 2009 and a reconciliation which was more effective. “Indeed, continues Muelenaere Stone, CEO of IRIS, we first entered into a distribution agreement at European level. Eight months later, Canon took a 17% stake in the capital of our company. And develop our synergies so more pointed. “
point, since last September, Canon made a friendly takeover aiming to acquire 100% of the shares with a minimum of 90%. In November, the shareholders’ IRIS agreed to amend the articles of association in case of successful bid. 83% agree, others abstaining.
February 6, shortly before the approval of the European competition authorities, Canon had 90% stake. And could begin the second phase to reach 95% to force the surrender of the remaining shares. Today, Canon, world leader in imaging solutions, has closed the voluntary reopening of the takeover of IRIS Group SA. And therefore holds 1,790,014 shares, representing 95.16% of the shares subject to the offer and 95.98% of IRIS shares.
Since June 5, the company launched a takeover bid on all titles not yet in his possession. The offer price per share of € 44.50. And June 25, all unvested shares will be considered passed automatically to Canon, the funds for the offer price for the shares, subscription rights and options will be deposited with the Caisse des Dépôts et Consignations for the previous holders of the securities. The listing of IRIS shares on NYSE / Euronext Brussels will be automatically removed.
“The takeover has been a success, concludes Stone Muelenaere. I am particularly happy because the shareholders and realized a gain of 50% on their actions. For Canon, created in 1937, present in 116 countries and a market leader in photocopiers and software for scanners, is complementary to our own society. With a strong culture of innovation and consistent values. Canon was also eager to grow quickly in the area of ??solutions and services, while wanting to acquire extensive experience in document capture and management info. “
Its leaders chose IRIS seen its global reputation and its patented technology with a broad portfolio of solutions. “We now have the opportunity to create a new momentum for our company. While maintaining its various partnerships, including HP and Adobe IRIS Canon will develop others and will continue to invest. “
huge development potential in Europe, the USA and, ultimately, on the Asian market. Will consider a rapid development. PDM and will continue to be CEO to ensure the success of her baby.
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