The EU Commission fines an imaging and optical products manufacturer €28 million for gun jumping (Canon / Toshiba Medical Systems)

European Commission fines Canon EUR 28 million for Gun Jumping* Canon, the Japanese imaging and optical products manufacturer, has been fined €28 million (US$ 31.8 million) for implementing its acquisition of Toshiba Medical Systems Corporation (TMSC), before it was approved by the Commission, which is in breach of EU merger control rules. The fine was announced by the European Commission on 27 June 2019. Background On 12 August 2016, Canon notified the Commission of its

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Marco Hickey, The EU Commission fines an imaging and optical products manufacturer €28 million for gun jumping (Canon / Toshiba Medical Systems), 27 June 2019, e-Competitions Bulletin June 2019, Art. N° 91345

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