Canon

On Wednesday Canon lost its challenge against a 28 million euros ($29.4 million) EU fine after Europe’s second-top court upheld the sanction imposed for jumping the gun in a 2016 acquisition, reported Reuters. In 2019 a decision the EU said Canon breached the rules by using a so-called “warehousing” two-step transaction structure involving an interim buyer […]

According to a report from Reuters, Canon was hit with a €28 million (US$31.8 million) fine on Thursday, June 27, for jumping the gun in its acquisition of Toshiba’s medical unit three years ago before securing EU antitrust clearance. The European Commission stated Canon had breached EU merger rules by using a so-called “warehousing” two-step […]

Canon and Toshiba on Monday, June 10, agreed to pay US$2.5 million each to settle charges the companies violated US antitrust laws by failing to notify authorities before a deal made for Toshiba’s medical device business. Faced with accounting irregularities that surfaced in 2015, Toshiba designed a scheme to sell its medical system subsidiary to […]

The European Union’s antitrust watchdog accused General Electric, Japan’s Canon as well as German pharmaceuticals group Merck KGaA and Sigma-Aldrich of breaching the bloc’s merger rules. The moves come as the EU is trying to drive home to companies the urgent need to submit accurate and truthful information when registering a deal for antitrust review […]