Canon faces EU fine
 

Should not have bought Toshiba’s medical unit

EU regulators said they might fine Canon up to 10 percent of annual revenue for jumping the gun in its acquisition of Toshiba Medical unit.



The EU Commission said Canon breached rules by using a so-called "warehousing" two-step transaction structure involving an interim buyer to buy the company prior to obtaining relevant approvals.

Ten percent of Canon's annual revenue would be roughly equivalent to $2.9 billion.

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