AMSTERDAM (Thomson Financial) - Royal Philips Electronics NV has received
regulatory clearance from US authorities for its takeover offer for Respironics
Inc, a filing with the US stock markets watchdog SEC indicated.
Philips and Respironics were informed on Jan 30 of the early termination of
the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act in the
US in respect to the offer.
Expiry or early termination of the waiting period was one of the conditions
of Philips' offer.
Philips said in December it has agreed to buy Respironics for 66 usd per
share in cash, valuing Respironics at about 5.1 bln usd, or 3.6 bln eur. Philips
expects to close the deal in the first quarter of 2008.
Aaron Gray-Block; aaron.gray-block@thomson.com
agb/am
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