Royal Philips NV planned to sell most of its Lumileds business to GO Scale Capital for $2.8 billion. "Philips Lighting Components Deal Halted by Regulatory Concerns -- 2nd Update" at 1430 GMT, misstated in the first paragraph the price as $3.3 billion, which was the valuation of the whole Lumileds unit under the deal.

 

(END) Dow Jones Newswires

January 22, 2016 10:22 ET (15:22 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
Koninklijke Philips NV (NYSE:PHG)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Koninklijke Philips NV Charts.
Koninklijke Philips NV (NYSE:PHG)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Koninklijke Philips NV Charts.