Cannon Marketing To Tender Offer For Medical Marketer

Cannon Marketing Co., a marketing unit of Cannon Group, announced that Cannon Marketing has made a tender offer for ELK CO., an Osaka-based medical equipments sales company. ELK approved the tender offer. The TOB price is set at 670 yen, a 71.36% premium over a 3-month average. Cannon plans to beef up the medical division through this acquisition.