Strategic Initiative

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Toshiba agrees to sell its medical equipment unit to Canon for ¥665.5B ($5.9B)

Source Link:: http://www.bloomberg.com/news/articles/2016-03-17/canon-clinches-deal-to-buy-toshiba-medical-unit-for-5-9-billion

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Additional Information

Additional Relevant Details Canon is diversifying as smartphones with increasingly advanced cameras eat into its business. The company also makes printers, fax machines and projectors while its existing health-care business includes radiography and ophthalmic equipment.

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Strategic Initiative Date

Announcement Date:

Mar 17, 2016

Projected Implementation:

Q1, 2016

Relevance Tracked Until:

Q3, 2016

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Related Keywords Medical Equipment Unit