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IKON shareholders advised to vote in favor of merger with Ricoh
By Lisa Kerner
Charlotte, N.C., Oct. 14 - IKON Office Solutions Inc. said an ISS Governance Services report recommends that the company's shareholders vote to approve IKON's merger with Ricoh Co., Ltd. at the special meeting on Oct. 31, according to a form 8-K filed with the Securities and Exchange Commission.
In August, Ricoh announced it would acquire IKON for $17.25 per share, or approximately $1.6 billion in cash.
IKON will become a Ricoh subsidiary and maintain is headquarters location in Malvern, Pa.
IKON is an independent channel for document management systems and services.
Ricoh is a Tokyo-based digital office solutions provider.
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