Cannon Marketing To Tender Offer For Showa Inf. System

Cannon Marketing Japan Inc., a marketing unit of Cannon Group, announced that Cannon Marketing has made a tender offer for Showa Information System Co., a listed printing-based solution provider. The TOB price is set at 200 yen, a 81.82% premium over a 3-month average. Mars Engineering Corp., the Showa Information's largest sharholder, agreed to tender their shares. This is a second deal for Cannon Marketing to merge a listed company via a tender offer.