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Home>Philips NV Sells Shares in Lighting Division at Lower End of Target Range

Philips NV Sells Shares in Lighting Division at Lower End of Target Range

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Thu, 26 May 2016

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 €3 billion ($3.36 billion). The Dutch technology group sold a 25% stake in Philips Lighting for €20 a share, according to a statement released
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