Canon Inc. and Toshiba Corp. have agreed to pay $5 million to settle charges alleging that the Japanese companies schemed to circumvent federal antitrust and merger control laws so they could hasten a $6.1 billion deal in 2016.
The companies were required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 to notify the Justice Department and Federal Trade Commission and wait 30 days before Canon bought Toshiba subsidiary Toshiba Medical Systems Corp., or TMSC, a medical equipment company that did significant business in the United States.
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