03-03-2015 07:17 via uk.news.yahoo.com

Canon CEO: have ample funds, willingness for more M&A after Axis

TOKYO (Reuters) - Canon Inc Chief Executive Fujio Mitarai said the company had both the funds and willingness for more acquisitions this year, even after a planned 23.6 billion-Swedish-crown ($2.8 billion) takeover of network video surveillance leader Axis AB. Asked about Canon's offer for Axis, which represented a premium of nearly 50 percent to the share price prior to the announcement, Mitarai said he was only interested in acquiring quality companies. "I only buy good companies, ev
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