ALERTS: MERGERS - EUROPEAN UNION - SANCTIONS - FINES - NOTIFICATION - CLEARANCE - GUN JUMPING

Gun jumping: The European Commission publishes the decision imposing a €28 million fine on an optical and imaging products manufacturer for carrying out a takeover before it was notified and cleared (Canon / Toshiba)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 22 October 2019, the Commission published the Decision of 27 June 2019 . in which it imposed a fine of €28 million on Canon, the Japanese manufacturer of optical and imaging products, for implementing its acquisition of Toshiba Medical Systems Corporation (TMSC) before it was notified to and cleared by the Commission in violation of EU merger control rules. Toshiba faced financial difficulties and had to urgently sell its subsidiary Toshiba Medical Systems Corporation (TMSC) to the highest bidder. To do so, it issued a call for tenders in early 2016. In order to win the tender, Canon prepared a bid under which the transfer of the total purchase price was

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  • L’actu-concurrence (Paris)

Quotation

Alain Ronzano, Gun jumping: The European Commission publishes the decision imposing a €28 million fine on an optical and imaging products manufacturer for carrying out a takeover before it was notified and cleared (Canon / Toshiba), 27 June 2019, Concurrences N° 3-2019, Art. N° 92246, www.concurrences.com

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