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Old December 5th, 2005, 08:36 AM   #1
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Thomson Grass Valley buys Canopus

Thomson has signed an agreement to acquire 33 1/3% of the issued and outstanding shares of Canopus and will launch a public tender offer for the remaining Canopus shares tomorrow.

Press release:
http://www.thomson.net/EN/Home/Press...d-599c5de7c9ea

Press conference now at:
http://www.irwebcasting.com/051205/0...ee3/index.html
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Old December 5th, 2005, 09:18 AM   #2
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Holy cow, knock me over with a feather! Man, I'm still down on the floor over here. Somebody help me up!
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Old December 5th, 2005, 09:37 AM   #3
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I hope this is a good thing.
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Old December 5th, 2005, 09:44 AM   #4
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It's like Avid buying Pinnacle.
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Old December 5th, 2005, 11:09 AM   #5
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i had no idea canopus was for sale, at least now i'm going to get that viper plugin for edius i always wanted :)

any ideas what this means for all us grass valley users here (silence)...errr i mean edius users...
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Old December 5th, 2005, 01:46 PM   #6
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Canopus isn't publicly traded (at least not yet), so I think this deal was brokered with T/GV strictly at Hiro's leisure. In other words, I doubt he was taking offers for it... who knows... I'm sure everyone will benefit though.
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Old December 6th, 2005, 04:25 AM   #7
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Canopus has been listed on the Tokyo Stock Exchange since 2002. Price jumped 12% yesterday. According to the press conference where this was announced and available on line here:
http://www.irwebcasting.com/051205/0...ee3/index.html
about 45% of the shares are held by individuals.

There is a lot more information here about the reasons for the deal and what is intended for the future.
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