some analysts named Danaher Corp and Dover Corp as possible bidders. The companies could not immediately be reached for comment.
Domino's products had been leading the digital label printing market in certain areas, and rival bid wouldn't be surprising, said UBS analyst Robbie Capp in a note.
" it has become increasingly clear that maintaining its position in the enlarged markets will require Domino to find the Peter Byrom said.
Brother Industries to finance the deal through debt or exiting cash. It has a bridge facility with Citibank and Citibank Japan under which 1.073 billion would be available for financing the acquisition.
Domino shareholders will also get the 14.76 pence-per-share final dividend announced in December. They can opt to receive loan issued by Brother instead of the cash offer.
Brother, which makes equipment ranging from sewing machines printers to online karaoke systems, gets about 70% of its sales from its printing and solutions unit.
Domino, which makes printers to stamp barcodes and expiry dates on food items, beverage cans and medicines, will operate as a standalone division post the deal, according to the companies.
Domino warned in June that 2015 results would be hurt by pricing pressure in Asia and other developing markets and higher research and development expenses.
Sky News reported on Tuesday that Domino had agreed to a deal with a Japanese company, adding that the company had held talks with some US-based competitors in recent months. REUTERS