Canon to Acquire Two NEC Subsidiaries.Tokyo, Japan, Aug 26, 2005 - (JCNN JCNN Japan Corporate News Network ) - Canon and NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98).
NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. announced on August 25 that they have reached an agreement whereby Canon will acquire NEC Machinery through a tender offer bid (TOB TOB Tobit
TOB Throne of Bhaal (gaming)
ToB Terms of Business
TOB Type of Bill
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TOB Takeover Bid
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TOB Tides of Blood ) and Anelva through share acquisition. The two NEC subsidiaries will become Canon's consolidated subsidiaries.
Canon will leverage NEC Machinery's automatic equipment designing capabilities and Anelva's thin-film formation technologies to improve the productivity of its semiconductor and SED (1) (Stream EDitor) A Unix text editor that processes an entire file. It is the stream-oriented version of ed, an earlier text editor. Sed executes ed commands, but instead of editing one line at a time, sed applies the commands to the whole file. flat-display equipment manufacturing process.
Source: JCN http://www.japancorp.net
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