Ricoh in Acquisition of Danka's European Operations

Cleary Gottlieb is representing Ricoh Europe, B.V., the European subsidiary of the Japanese printer and copier manufacturer, in its acquisition of the European operations of Danka Business Systems Plc, a UK listed company, for a purchase price of $210 million. The share purchase agreement was signed on October 12 in Tokyo and the transaction is expected to close at the end of the year.