Canon, Fujifilm lead as Toshiba gets set to pick suitor for medical unit: sources

Tokyo

TOSHIBA Corp is poised to settle on a preferred bidder for its medical equipment unit with an extraordinary executive meeting planned on Wednesday, people with knowledge of the process said on Tuesday.

Canon Inc and Fujifilm Holdings Corp - both Japanese imaging firms with their own medical device units - are considered the front-runners, having put in bids of more than 600 billion yen (S$7.3 billion), other people familiar with the matter have said.