Canon Inc. on Dec. 19 closed its acquisition of Toshiba Medical Systems Corp. for a transaction value of ¥665.50 billion (US$5.69 billion).

The company offered ¥4,930.36 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. was the financial adviser for Canon, and Kim & Chang was the legal adviser.