UPFRONT

Snag Hits Canon-Océ Pact

TOKYO—A roadblock has come up in Canon Inc.'s $1.1 billion bid for Océ. Shareholders representing 13 percent of the Dutch company said they won't tender their shares, according to Bloomberg.com, while a group representing roughly 200 investors feel the offer is too low. Canon may have to raise its offer or lower the minimum threshold to less than 85 percent of Océ's outstanding shares in order to 
finish the deal.