10 February 2015
Gernandt & Danielsson advisor to the board of Axis Aktiebolag
Gernandt & Danielsson advises the board in Axis in connection with Canon's public takeover offer to the shareholder of Axis in a total value of SEK 23.6 billion
Canon Inc. ("Canon") has on 10 February 2015 announced a public takeover offer to the shareholders of Axis Aktiebolag ("Axis") to tender all their shares in Axis to Canon in consideration of SEK 340 cash for each share. The offer corresponds to total value of approximately SEK 23.6 billion for all shares. Axis offers intelligent security solutions and is the global market leader in network video. Axis has more than 1,900 employees in 49 countries around the world, supported by a network of more than 75,000 partners across 179 countries. For 2014 net sales amounted to SEK 5,450 million and profit after tax amounted to SEK 539 million. The Axis share is traded on Nasdaq Stockholm, Large cap.
Gernandt & Danielsson is advising the board with a team consisting of Partners Dick Lundqvist and Fredrik Palm, Counsel Rolf Larsson (competition law) and Associates Erik Åslund and Karin Källström.