HALISTER: Philips Said Disappointed With Lighting Bids, Leaning Toward IPO

Philips Said Disappointed With Lighting Bids, Leaning Toward IPO

(Bloomberg) -- Royal Philips NV is disappointed with bids for its lighting unit and is leaning toward an IPO of the business, according to people familiar with the matter.
  • Philips could seek valuation of about EU5.5b for unit in IPO, the people said, asking not to be identified as the information is private
  • A final decision is expected in the coming days
  • A representative for Philips declined to comment
NOTE April 25: Philips Slumps as Lighting IPO Looks Increasingly Likely NOTE: Philips Slumps as Lighting IPO Looks Increasingly Likely NSN O66OV46S9729 NOTE: Philips Said to Name Banks For Possible Lighting Unit IPO NSN O54A416JIJUO
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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PHIA NA (Koninklijke Philips NV)

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