Sunday, April 24, 2016

How Toshiba got paid before a sale closed in a maneuver skirting antitrust rules

TOKYO, April 25 (Reuters) - Toshiba Corp, in a

hurry to raise cash before closing its books for the business

year that ended at the end of last month, was able to structure

the sale of its medical equipment business to Canon Inc

in an unorthodox way so that it could book the 665.5 billion yen

($5.95 billion) proceeds before the deal had been approved by

regulators.

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