(Reuters) - Bar code printer maker Domino Printing Sciences Plc (L:DOPR) is planning to sell itself to a Japanese company in a deal worth close to 1 billion pounds ($1.51 billion), Sky News reported.
However, the identity of the Japanese bidder is still unknown, and is understood not to be any of the big players like Canon <7739.T>, Panasonic Corp (T:6752), Ricoh Co Ltd (T:7752) and Sony Corp (T:6758), Sky News' website said. (http://bit.ly/1wWBKTt)
Announcements about the deal could come as early as Wednesday, Sky News said.
Advisers at Citigroup working for the Japanese company indicated a possibility of a counter bid by a couple of other companies, the website said, citing unnamed sources.
Sky News said Domino has already held talks with a couple of U.S.-based competitors in recent months.
Domino Printing Sciences could not immediately be reached for comment outside regular business hours. Domino is based in Bar Hill, England.