Philips To Acquire Genlyte

Philips To Acquire Genlyte

Genlyte Group Inc. (Genlyte) today announced it has entered into a definitive merger agreement with Philips Holding USA Inc. (Philips), a fully-owned subsidiary of Royal Philips Electronics pursuant to which Philips will acquire Genlyte in an all-cash transaction for approximately $2.7 billion USD that will create on

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