Shares in Océ had risen marginally above the €8.60 offer price following an objection from major shareholder Orbis.

However, this morning Japanese digital print manufacturer Canon said that it had acquired 25.3% of the total ordinary shares of Océ ("approximately 20%" of its total share capital) at an average price of €8.546 through market purchases.

The highest price the company paid was €8.59. Shares in Océ dropped 2c to €8.57 in early trading.