Thomson has signed an agreement to acquire 33 1/3% of the issued and outstanding shares of Canopus.
Under terms of the private transaction, Thomson is acquiring the company from Chairman and CEO Hiroshi Yamada and members of his immediate family. The purchase consideration will be settled 50% in cash and 50% in (821,917) Thomson shares. Yamada, the single largest shareholder of Canopus, together with his family holds approximately 40% of the company's shares.
The planned public tender offer is expected to last at least 42 days, and is anticipated to close January 16, 2006. Thomson is offering ¥148,000 per share, which reflects a premium of nearly 20% over the 30-day average closing price to December 2, 2005 of ¥123,900.
Thomson will purchase all shares tendered to it, conditional upon receiving enough tenders to bring its shareholding in Canopus to a minimum of 77.87%.
Thomson eventually plans to acquire 100% of the issued shares of Canopus and fully integrate the company with its Grass Valley business.
There is also discussion that Thomson is preparing to purchase Thales Broadcast & Multimedia. For more information on that story, read Thomson in talks to purchase Thales Broadcast.
This eBook provides both new and veteran shooters an in-depth understanding of the technology that lies between the camera lens and the recording medium and how to maximize a camera's performance.
File-based technologies have replaced video tape methods for a majority of production and broadcast operations. The worlds of AV and IT are coalescing to create new methods and workflows for media
Video compression, editing and displays is an in-depth tutorial on MPEG compression technology, editing MPEG content and evaluating color video monitors written by long-time video expert, trainer and writer Steve Mullen, Ph. D.
2012 will be the year of mobile DTV. That’s the view of Erik Moreno, who along with Salil Dalvi, senior VP for Mobile Platform Development at NBC Universal, is co-general manager of the Mobile Content Venture.
Hear snippets of podcast interviews done throughout 2011 with Pat McDonough of The Nielsen Company, Glen Friedman of Ideas & Solutions!, Danny Wilson of Pixelmetrix and Greg Herman of Watch TV. Pictured is Danny Wilson, Pixelmetrix.
