Toshiba sells medical unit to Canon for $5.9B

TOKYO: Japan’s Toshiba has sold its medical devices unit to camera and office equipment maker Canon for almost $6 billion, it said on Thursday, as it sheds businesses to recover from a major accounting scandal.

The deal came as Toshiba’s share price plunged nearly 8 percent after a report it was under investigation by US authorities over allegations it hid losses in its nuclear business.