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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. |
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| Philips today announced it has entered into a definitive merger agreement with North American luminaires company Genlyte Group Incorporated pursuant to which Philips will commence a tender offer to acquire all of the issued and outstanding shares of Genlyte for USD 95.50 per share, or approximately USD 2.7 billion (EUR 1.8 billion) to be paid in cash upon completion. |
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| Today, at the 93rd annual meeting of the Radiological Society of North America (RSNA) in Chicago, Philips unveiled its latest innovative healthcare products and technologies that seek to make a difference in how radiologists can prevent, diagnose, treat and monitor disease, and allow them to focus more on their patients. |
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| Competition law authorities in several jurisdictions have commenced investigations into possible anticompetitive activities in the Cathode-Ray Tubes, or CRT, industry. Philips today announced that, as one of the companies that was active in the CRT business, it is subject to one or more of these ongoing investigations. |
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| Philips today announced that, market conditions permitting, it plans to sell up to the maximum number of common shares in Taiwan Semiconductor Manufacturing Company Ltd. as are repurchased by TSMC in a share repurchase program as announced by TSMC. |
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| Philips will today file an amendment to its Schedule 13D filing with the United States Securities and Exchange Commission (SEC) in which it will announce that a decision has been made to proceed with the sale of its approximate 70% ownership interest in MedQuist Inc. if a satisfactory price and other acceptable terms can be realized. |
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| From today the St. Lucas Andreas Hospital in Amsterdam-West is to start monitoring more than a hundred chronic heart failure patients at home using the Philips Motiva system. This will not only improve these patients' quality of life, but could also prevent many hospital admissions. The St. Lucas Andreas Hospital is the first hospital in The Netherlands to introduce a remote monitoring system for cardiac patients into its daily operations. |
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| Philips today showcases a fully customizable hotel concept designed to put the consumer at the heart of the hotel experience and enable hotel owners to optimize their operating costs. |
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| Philips will today unveil new and innovative design concepts based on the company's "sense and simplicity" brand at the 2007 Philips Simplicity Event at London’s Earls Court 2 exhibition centre. At the three-day event, Philips will showcase to a select group of customers, business partners, healthcare professionals and public sector representatives its vision of how in five years the clever use of technology married with intuitive, personalized design can lead to unexpected approaches to caring for people’s well-being at home, in the hospital and on the move. |