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Canon completes deal to acquire 84.05% of Axis AB

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Canon completes deal to acquire 84.05% of Axis AB

Canon Inc. on May 5 completed its deal to acquire 84.05% of Axis AB for a transaction value of 19.25 billion Swedish kronor (US$2.31 billion).

The company offered 339.99 kronor per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Lazard Ltd. was the financial adviser for Canon, and Mannheimer Swartling Advokatbyrå AB was the legal adviser.

Morgan Stanley & Co. International PLC was the financial adviser for Axis AB, while Gernandt & Danielsson Advokatbyrå KB was the legal adviser.