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Medical equipment and technology firm Philips says it will sell a stake of at least 25 percent of its lighting division in an initial public offering of shares.
Philips has confirmed that will almost certainly use an initial public offering of shares to investors to turn its lighting division in a standalone company.
Dutch electronics giant Philips has begun its long-flagged withdrawal from one of its core historic activities, lighting, by selling 80.1% of its
Dutch giant Philips has announced a net loss for the third quarter and revised its Q2 earnings to a lower level, year-on-year, yet remains bullish
Philips is splitting in two. The Dutch conglomerate is to put its lighting business into a separate company It is the latest step in Philips’ plans
EU Competition Commission Joaquin Almunia has fined Philips, Samsung and Infineon a total of 138 million euros for fixing prices of microchips used
Philips’ shares tumbled on Tuesday after the healthcare, lighting and consumer appliances maker reported a bigger-than-expected fall in quarterly
Philips said its latest quarterly net profit – at 281 million euros – was nearly triple what it made a year ago. That follows two years of
Philips’ focus on health care products and away from consumer electronics seems to be paying off. After a strategic overhaul, the healthcare
Philips Chief Executive Frans van Houten is continuing his efforts to focus on its more profitable home appliances and healthcare operations. As
Dutch electronics giant Philips share price posted the biggest increase on the Amsterdam stock market on Monday thanks to quarterly results above