By Maarten van Tartwijk
AMSTERDAM -- Royal Philips NV said it sold shares in its 125-year-old lighting division at the lower end of the targeted range, valuing the business at EUR3 billion ($3.36 billion).
The Dutch technology group sold a 25% stake in Philips Lighting for EUR20 a share, according to a statement released Thursday. The pricing was slightly below the midpoint of a range of EUR18.50 to EUR22.50 announced last week.
Shares in Philips...