IN BRIEF (Page 17)

Oce bid in jeopardy

Canon Inc's $1.1 billion bid for Oce NV may be in jeopardy after holders of 13 percent of the Dutch company said they won't tender their shares and a group representing about 200 investors said the offer was too low.

Hermes Focus Asset Management Ltd, with 3.3 percent, said it won't tender its shares, calling the Canon offer "meager". Orbis Funds, with about 10 percent of Oce, in November rejected Canon's bid. Investor group VEB, which represented 211 shareholders with about 0.003 percent of Oce at its last shareholders meeting, judged the bid too low.