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| Philips today announced it has completed the sale of 800 million common shares in Taiwan Semiconductor Manufacturing Company Ltd. (TAIEX: 2330, NYSE: TSM) ("TSMC"), valued at approximately USD 1.5 billion. |
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| Philips and Respironics, Inc (Nasdaq: RESP) today announced a definitive merger agreement pursuant to which Philips will commence a tender offer to acquire all of the outstanding shares of Respironics for USD 66 per share, or a total purchase price of approximately EUR 3.6 billion (USD 5.1 billion) to be paid in cash upon completion. |
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| Philips is delivering a special gift to consumers and the environment at the end of this year: a brighter and more energy-efficient holiday season. As the world's leading lighting company, Philips is brightening global landmarks like the Times Square New Year's Eve Ball to Saks Fifth Avenue and Toronto's CN Tower using energy-efficient LED innovations, proving that high-performance and sustainability are not mutually exclusive. |
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| Philips today announced the expiration, as of 11:59 p.m. EST on December 17, 2007, of the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), applicable to the previously announced tender offer by Philips’ indirect wholly owned subsidiary Golf Merger Sub, Inc. (“Philips Merger Sub”) for all outstanding shares of common stock of The Genlyte Group Incorporated (“Genlyte,” ) for $95.50 per Genlyte share, without interest and subject to any applicable withholding of taxes. |
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| Philips today announced it has reached an agreement in principle to sell its Set-Top Boxes (STB) and Connectivity Solutions (CS) businesses, currently part of its Home Networks business unit within the Consumer Electronics division, to U.K.-based technology provider Pace Micro Technology (FTSE: PIC). |
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| Philips today announced that it plans to repurchase EUR 5 billion worth of common Philips shares within the next two years. |
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| Philips today announced a merger agreement with clinical IT and service provider VISICU Inc. (NASDAQ: EICU) through which Philips is offering to acquire the entire share capital of VISICU for USD 12.00 per VISICU share. |
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| Philips today announced the appointment of Geert van Kuyck as Chief Marketing Officer (CMO) effective January 1, 2008. Mr van Kuyck is currently Head of Global Marketing Management where he has been a driving force behind Philips' successful "sense and simplicity" brand promise, reinforcing its customer-centric and market-driven approach. |
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| In a meeting with investors and financial analysts today, Philips will provide an update on how its consumer lifestyle businesses have and will continue to add value and sustainable growth to the company. Philips will also elaborate on the formation of the new Philips Consumer Lifestyle sector as per January 1, and this new, integrated sector will help Philips achieve the targets set as part of its “Vision 2010” strategic plan, which was communicated in September. |
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| Philips today announced it will acquire US-based Emergin, Inc. The terms of the deal were not disclosed. Emergin is the leading US provider of software utilized to rapidly transmit medical alarm signals throughout hospitals. |
