Canon To Buy Toshiba Medical For Around $6.2 Billion: Nikkei

Japan's Canon Inc. is set to buy Toshiba Corp.'s medical equipment unit for 700 billion yen ($6.2 billion), beating rival Fujifilm Holdings Corp. in a hotly contested auction, the Nikkei business daily reported on Wednesday.

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.