The EU Commission fines an imaging and optical products manufacturer for gun-jumping (Canon)

Mergers: Commission fines Canon €28 million for partially implementing its acquisition of Toshiba Medical Systems Corporation before notification and merger control approval* The European Commission has fined Canon, the Japan-based imaging and optical products manufacturer, €28 million for implementing its acquisition of Toshiba Medical Systems Corporation (TMSC) before notification to and approval by the Commission, in breach of EU Merger control rules. Commissioner Margrethe Vestager, in charge of competition policy, said: "Companies have to respect our competition rules and procedures. They are obliged to notify and wait for our approval before a merger can go ahead. Canon structured a transaction to circumvent these obligations when they acquired TMSC. This is a procedural breach

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European Commission, The EU Commission fines an imaging and optical products manufacturer for gun-jumping (Canon) , 27 June 2019, e-Competitions Bulletin July 2019, Art. N° 90918

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