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Canon to Combine $1 Billion Oce Purchase After Delay

Canon Inc., the world’s largest camera maker, will start combining Dutch printer maker Oce NV with its own business after the acquisition was delayed by two years, according to the new head of its European division.

Canon’s $1 billion takeover of Oce, its largest ever purchase, was held up after the company failed to gain outstanding shares. Tokyo-based Canon finally acquired the remaining 10 percent stake from Orbis Funds at the end of last year, said Rokus van Iperen.