Tokyo, February 12, 2015 -- Moody's Japan K.K. says that Canon Inc.'s (Aa1, stable) announcement of a proposed public tender offer for all the shares of Axis AB (Axis, unrated) will have no immediate impact on its rating or outlook. The proposed acquisition of Axis for approximately 23.6 billion Swedish krona (about JPY333.7 billion) in total consideration, assuming the public tender is successful, is likely to be fully funded from cash on hand.
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