Canon announced the acquisition of OLED panel production equipment manufacturer TOKKI, intends to use the digital camera in 2010 with a fully OLED panel

Canon 13, issued a press release announced that the scheduled 20 business day from November 14th -12 month until 12, to 556 yen per share price (20% premium) on TOKKI Corp. (TOB), a public takeover bid amount of about 7 billion 600 million yen; in addition, will also be in December 28th invested about 5 billion 900 million days in the third round, specific the proportion of capital TOKKI shares. Canon pointed out that TOKKI is expected to obtain 51.46% of the issued shares in the above two ways. TOKKI on the same day issued a press release announced the consent of the stock purchase action.

Foreign electricity 13 reported that Canon intends to increase the proportion of TOKKI and the proportion of the second half of the TOB made more than half of the equity stake in the end of the year, the subsidiary of, accelerate the organic EL (OLED) cause. Canon plans to use the current digital camera, such as the use of small LCD panels instead of OLED, and by the addition of TOKKI in 2010 will be fully OLED panel.

TOKKI is currently listed on the Jasdaq, the company mainly engaged in the production of OLED panels and thin-film solar cell production equipment, production and sales business.

Source: Lean news