TOKYO/STOCKHOLM (Reuters) - Canon Inc made a 23.6 billion-Swedish-crown ($2.83 billion) offer for network video surveillance leader Axis AB on Tuesday -- the biggest purchase ever for the Japanese firm trying to expand beyond a shrinking camera market. Canon said it had launched a bid to buy all the Swedish company's shares at 340 crowns apiece, a premium of nearly 50 percent to their closing price of 226.90 on Monday. At 1126 GMT (06:26 a.m. EST), shares of Axis were up 48 percent at 336.50 crowns. Axis said its board of directors unanimously supported the offer, and that three of its top shareholders representing around 40 percent of total shares will accept it.
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