TechConnect Magazine (Free subscription) | yesterday
Japan's own Ricoh Company has just announced that it will be acquiring Pennsylvania-based IKON, the world's largest independent channel for document management systems and services through a transaction worth about $1.617 billion. By paying $17.25 per IKON share, Ricoh is set to strengthen its business infrastructure in the U.S., Canada and Europe and gain access to IKON's current customer base which...
CNNMoney.com (Free subscription) | 08/28/2008
Although it may take a few years for the move to create synergy, "the acquisition gives a positive impression that Ricoh is taking an offensive stance at a time when most players in the sector, like Canon, are focusing on cost cuts and other defensive measures," said Mizuho Investors Securities analyst Nobuo Kurahashi, who doesn't assign ratings for either Ricoh or Canon.
Macworld (Free subscription) | 08/28/2008
Printing equipment manufacturer Ricoh announced plans to buy Ikon for US$1.6 billion.
Philadelphia Inquirer (Free subscription) | 08/28/2008
Ikon Office Solutions Inc., of Malvern, which agreed to sell to Japan-based Ricoh Co. Ltd. for $1.6 billion yesterday, employs 25,000 people who keep Canon Inc., Ricoh and other copiers running in offices around the United States. It's a necessary business, but its profit hasn't grown as it should for a company that wants to stay public.
Reuters (Free subscription) | 08/28/2008
TOKYO (Reuters) - Shares of copier and printer maker Ricoh Co Ltd jumped nearly 4 percent on its $1.6 billion acquisition of U.S. distributor Ikon Office Solutions , while rival Canon Inc slid to a four-month low on concerns the deal would hurt its business.
the INQUIRER (Free subscription) | 08/28/2008
Emma Hughes the Inquirer , Thursday 28 August 2008. 14:39:00 Office marriage is official JAPAN’S OFFICE MACHINE maker Ricoh agreed yesterday to buy equipment distributor Ikon Office Solutions. Ikon was bought for $1.62 billion to enable Ricoh to expand its sales and services operations in the US. Shannon Cross, an analyst with Cross Research in Livingston said of this deal, "It's a reasonable price,...
Global Intellect (Free subscription) | 08/28/2008
Printing equipment manufacturer Ricoh announced plans to buy Ikon for US$1.6 billion. Original post by Scott Gilbertson
iPhone and iPod Touch Software (Free subscription) | 08/28/2008
Printing equipment manufacturer Ricoh announced plans to buy Ikon for US$1.6 billion.
Indy Star (Free subscription) | 08/28/2008
MALVERN, Pa. » IKON Office Solutions, which sells and leases copiers, printers and other office machines, has agreed to a $1.62 billion buyout offer from one of its suppliers, Ricoh Co. of Japan. (AP)
MacMike News (Free subscription) | 08/28/2008
Printing equipment manufacturer Ricoh announced plans to buy Ikon for US$1.6 billion. Original post by CmdrTaco and software by Elliott Back
Today's Tribune-Review (Free subscription) | 08/28/2008
The deal adds Ikon's 400 sales locations in the U.S., Canada and Western Europe to Ricoh's primarily Japan-based business.
Nikkei (Free subscription) | 08/28/2008
Market Cheers Ricoh's Ikon Buy-Out, Shares Up 3.8% MiddayTOKYO (Dow Jones)--Ricoh Co.'s (7752) shares posted their biggest gains since March in Tokyo Thursday morning as investors and analysts welcomed the company's plan to buy U.S. printer maker Ikon Office Solutions.
Financial Time (Free subscription) | 08/28/2008
The deal will allow the Japanese manufacturer access to Ikon's large corporate and government customers and build out its North American distribution network
Hindu (Free subscription) | 08/28/2008
Hyderabad: Queen’s Guest, Attractress, Sprucespringstien and Encounter caught the eye when the horses were exercised here on Thursday morning (Aug.28). Sand: 600m: Local Ikon (D.Singh) 47, 400/31. ...
The Washington Times (Free subscription) | 08/27/2008
Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
