Canon, Hitachi Agreement: Canon wants Hitachi Displays
On February 27 a formal contract between Canon and Hitachi was announced. Based on the agreement, Canon will acquire 24.9% shares of Hitachi Displays, which is a wholly-owned subsidiary of Hitachi. Hitachi Displays manufacture small/medium LCD panels. The 24.9% equity acquisition will be completed by March 31, 2008 and will be valued around JPY43.2B. Canon [...]
