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Canopus to be acquired by Thomson/Grass Valley

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Terry Stetler
Canopus to be acquired by Thomson/Grass Valley
on Dec 6, 2005 at 4:19:45 am

Surprised Surprised

Thomson Buys 33 1/3% Stake in HD Video Editing Leader Canopus, Intends to Launch Public Tender Offer to Acquire Remaining Shares

Adds Critical Video Editing to Grass Valley ProAV and Broadcast Portfolio — Key Revenue Growth Boosters for Thomson

Paris/Tokyo, December 5, 2005 — Thomson (Euronext Paris: 18453; NYSE: TMS) today announced that it has signed an agreement to acquire 33 1/3% of the issued and outstanding shares of Canopus Co., Ltd, a Japan-based leader in high-definition desktop video editing software, through a private transaction with Chairman and CEO, Hiroshi Yamada, and members of his immediate family. Thomson also disclosed today that it will launch a public tender offer for the remaining Canopus shares on Tuesday, December 6, 2005.

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