38059
Canon to Buy Toshiba Medical Unit
World Economy

Canon to Buy Toshiba Medical Unit

Japan’s Canon Inc is set to buy Toshiba Corp’s medical equipment unit for ¥700 billion ($6.2 billion), beating rival Fujifilm Holdings Corp in a hotly contested auction, the Nikkei business daily reported on Wednesday, Reuters said. The conglomerate put Toshiba Medical Systems Corp on the block to help fund restructuring after a $1.3 billion accounting scandal, attracting a bevy of suitors, particularly Japanese imaging companies whose products range from cameras and copiers to diagnostic devices. Toshiba Medical, the world’s second-largest manufacturer of CT scan machines, also makes X-ray and magnetic resonance imaging systems. It had revenue of ¥405.6 billion in the past financial year.

Short URL : http://goo.gl/cSSjnp
  1. http://goo.gl/EDWGkc
  • http://goo.gl/r0aBpE
  • http://goo.gl/NIzEkI
  • http://goo.gl/eLr1ec
  • http://goo.gl/IGJMn1

You can also read ...

Outlook for Global Economy, Equity Markets Brighter
Ebrahim Rahbari remains positive on the global economy and...
Brazil August Growth Lowest in Five months
Economic activity in Brazil contracted in August at the...
Singapore Exports See Surprise Drop
Exports from Singapore last month stumbled after four months...
OECD: Youth Likely to Face Higher Inequality in Old Age
Younger generations have been experiencing more unstable labor...
UN Expert Says: IMF, WB Looking More Like Failed Institutions
The lending policies of the International Monetary Fund are...
S. Korea Money Supply Up 9.1%
The money supply in South Korea jumped 9.1% in August from a...
Low ECB Rates an Opportunity to Reform
Easy monetary policy gives eurozone governments a window of...
Czech Economy Needs Higher Rates
The Czech koruna’s slow appreciation is paving the way for...

Trending

Googleplus