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Canon plans to launch, via its subsidiary Canon Europa NV, a voluntary and conditional public takeover bid in cash for all shares, warrants, and stock options of IRIS Group SA. The bid relates to all shares including treasury shares issued by IRIS Group SA, which are not held by Canon Europa NV. The bid offers a price of EUR 44.50 per share, and the price for warrants and stock options has been determined in conformity with market practices. Canon has already had a close strategic partnership with IRIS Group. Bringing the IRIS Group into the Canon Group will allow both companies to cooperate more closely in developing a range of technology solutions to be able to better serve their customers in a business environment. The bid is part of Canon's plan to further develop its long-standing strategy to offer its customers end-to-end office solutions that complement its current world-class solutions portfolio and to develop a more consultancy-based sales approach.