IKON sets meeting date for merger vote

By Lisa Kerner

Charlotte, N.C., Sept. 26 - IKON Office Solutions Inc. shareholders will be asked to approve the company's acquisition by Ricoh Co., Ltd. at a special meeting on Oct. 31.

Oct. 2 is the record date for the meeting, an IKON news release said.

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.

The merger is expected to significantly enhance Tokyo-based Ricoh's global presence, it was reported previously.

IKON is an independent channel for document management systems and services.

Ricoh is a digital office solutions provider.

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