Canon Inc's Stock Falls on Threat of Fine from EU

From Reuters:

Canon Inc's stock fell to its lowest levels in more than two months on Friday after EU regulators said they may fine it up to 10 percent of annual revenue for jumping the gun in its acquisition of Toshiba Corp's medical unit.

The EU Commission said it had reached a preliminary view that Canon breached rules by using a so-called "warehousing" two-step transaction structure involving an interim buyer to buy the company prior to obtaining relevant approvals.

Posted: 7/7/2017 8:32:00 AM CT   Posted By: Sean
Posted to: Canon News    
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