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Thursday, February 13, 2014

Canon says to purchase U.S.'s Molecular Imprints, (NYSE: CAJ)

Japan's Canon Inc said on Friday it would take over Austin, Texas-based Molecular Imprints Inc, which develops nanoimprint lithography systems, in a bid to strengthen its chipmaking equipment business. Canon has carried out joint development of next-generation semiconductor lithography systems, which plays a key role in the chip fabrication process, with Molecular Imprints and a major semiconductor maker since 2009.Canon said it decided to make unlisted Molecular Imprints a wholly owned unit after establishing an outlook for volume production using the technology.Canon did not disclose a price for the acquisition, which the Nikkei business daily estimated at more than 10 billion yen ($98 million).

CANON INC. is a manufacturing company. The Office segment develops, manufactures and sells office complex machines and copiers, personal copiers, laser complex machines and printers, digital production printing systems, business high-speed continuous printers, wide format printers and document solutions. Shares of CAJ traded higher by 0.3% or $0.09/share to $29.75. In the past year, the shares have traded as low as $28.67 and as high as $38.89. On average, 392669 shares of CAJ exchange hands on a given day and today's volume is recorded at 140238.