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December 28, 2007
By: DAVID SAVASTANO
Tokki Corporation announced that Canon Inc. has completed the payment for shares of Tokki newly issued through a third-party allotment. Combined with the 8,101,620 shares acquired through the tender offer concluded on December 12, 2007, Canon has acquired 22,301,620 shares, which represents a 66.44% ratio of Tokki voting rights. As a result, Tokki has become a consolidated subsidiary of Canon. Through the acquisition by Canon, Tokki will be able to reinforce its financial position and strengthen its capabilities of development, procurement, sales and support for OLED displays and its thin-film photovoltaic cells production equipment business.
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