Lumileds Sale to Chinese-Led Consortium Terminates
Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) today announced that Philips and GO Scale Capital have terminated the agreement pursuant to which the consortium led by GO Scale Capital would acquire an 80.1% interest in Lumileds. Despite the extensive efforts of Philips and GO Scale Capital to mitigate the concerns of the Committee…