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

Hickey, Marco

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27 Jun 2019

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

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Reference

EU Commission, Canon / Toshiba, M.8179, Press release, 27 June 2019

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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Author

Marco Hickey
LK Shields (Brussels)

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Quotation

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

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