The EU Commission imposes a €28M fine on an imaging and optical products company for gun jumping (Canon / Toshiba)

The Commission’s decision on 27 June 2019 to impose a €28 million fine on Canon for breaching EU notification and standstill obligations is the latest in a series of cases showing the Commission’s determination to take action against procedural infringements of EU merger control. It follows a 3 year investigation by the Commission, and a 2017 fine by the Chinese authority for breach of Chinese merger control rules. The case concerns Canon’s 2016 acquisition of Toshiba Medical Systems Corporation (TMSC) by way of a so-called “warehousing” two