Competition Alert July 2019


The European Commission fines Canon €28 M for closing the acquisition of Toshiba Medical Systems Corporation prior to notifying and gaining merger clearance (gun-jumping). 

On August 12th 2016 Canon notified the European Commission (EC) its intention to acquire Toshiba Medical Systems Corporation (TMSC), a subsidiary of the Japanese multinational Toshiba. The EC authorized the transaction on September 19th 2016. The acquisition was structured in such a way that Canon could dodge regulatory risk. In short:

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