Philips reports first-quarter sales of EUR 5.6 billion; EBITA of EUR 552 million   • Comparable sales up 4%, led by 9% growth at Healthcare • Sales in growth geographies up 9% on a comparable basis • Reported EBITA of 9.8% of sales • Net income of EUR 249 million • Free cash flow of [...]

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Royal Philips Electronics (NYSE:PHG, AEX:PHI) announced today that it has completed the cancellation of in total 38,496,058 of its own shares which were acquired for cancellation during the period August 25, 2008 up to and including November 14, 2008. The average repurchase price was EUR 18.19 per share. These shares have been repurchased under the [...]

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Royal Philips Electronics (NYSE:PHG, AEX:PHI) announced today that it has completed the cancellation of in total 59,907,089 shares which have been acquired for cancellation purposes during the period starting March 7, 2007 up to and including March 18, 2008 against an average repurchase price of EUR 28.64 per share. These shares have been repurchased under [...]

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Royal Philips Electronics (NYSE:PHG, AEX:PHI) today announced that effective March 1, 2008, it will abandon equity accounting for its current shareholding in LG Display Co., Ltd. (NYSE: LPL, KRX: 034220), formerly known as LG.Philips LCD Co., Ltd. Instead, Philips will apply fair-value accounting for this participation effective as of the same date. This change follows [...]

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Royal Philips Electronics (NYSE:PHG, AEX:PHI) (“Philips”) and The Genlyte Group Incorporated (NASDAQ:GLYT) (“Genlyte”) today announced that Philips has completed its acquisition of Genlyte through the merger of its indirect wholly-owned subsidiary with and into Genlyte. As a result of the merger, Genlyte has become an indirect wholly-owned subsidiary of Philips.

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Royal Philips Electronics (NYSE:PHG, AEX:PHI) (“Philips”) today announced the satisfaction of all of the conditions to the closing of the tender offer by its wholly owned subsidiary, Golf Merger Sub, Inc. (“Philips Merger Sub”), to acquire all outstanding shares of common stock of The Genlyte Group Incorporated (NASDAQ:GLYT) (“Genlyte”) for $95.50 per Genlyte share, without [...]

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