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Koninklijke Philips NV (PHG.AS)

PHG.AS on Amsterdam Stock Exchange

2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Philips Lighting aims to sell more than 2 billion LED-lamps in 2020
Friday, 3 Jun 2016 07:19am EDT 

Philips Lighting BV :Aims to sell more than 2 billion LED-lamps in 2020.  Full Article

Philips teams with Right at Home to commercially launch CareSensus
Tuesday, 31 May 2016 08:00am EDT 

Koninklijke Philips NV :Philips teams with global home care provider Right at Home to commercially launch CareSensus, connected sensors platform enabling remote care options for seniors.  Full Article

Philips receives 750 million euros from sale of shares in Philips Lighting
Tuesday, 31 May 2016 06:05am EDT 

Koninklijke Philips NV : Royal Philips has received 750 million euros ($836.10 million) in gross proceeds from the sale of 37.5 million existing ordinary shares in Philips Lighting . Has granted the underwriters an over‐allotment option to purchase up to approximately 5.625 million additional shares in Philips Lighting (up to 15 pct of the offered shares) at the offer price of 20.00 euro .Aims to sell all of its remaining shares over the next several years as Royal Philips will focus on its HealthTech businesses.  Full Article

Koninklijke Philips partners with Heart Hospital Tampere
Wednesday, 25 May 2016 09:16am EDT 

Koninklijke Philips NV : Partners with Heart Hospital Tampere to collaborate on a Finnish center of excellence for cardiac care .Multi-Year agreement has a value of approximately 19 million euros ($21.17 million).  Full Article

Philips leads large scale eHealth initiative
Tuesday, 17 May 2016 04:00am EDT 

Koninklijke Philips NV :Announce together with a consortium of leading European healthcare regions, companies, universities and hospitals the start of the first large scale care coordination and telehealth program in the European Union to support tens of thousands of people living with chronic conditions.  Full Article

Philips sets indicative price range of Lighting IPO at EUR 18.50-22.50 per share
Monday, 16 May 2016 02:20am EDT 

Koninklijke Philips NV : Royal Philips and Philips Lighting announce indicative price range and offer size of planned IPO of Philips Lighting and publication of prospectus . Indicative price range offering set at between 18.50-22.50 euros ($20.92-25.45) (inclusive) per offered share . Says implied market capitalisation is 2.78-3.38 billion euros . Says implied enterprise value Philips Lighting (including debt and debt-like items) is 4.32-4.92 billion euros . Philips is offering 37.5 million existing shares, representing 25 pct of company's shares . Proceeds of the offering would be about 694-844 million euros prior to any exercies of over-allotment option . Philips and Philips Lighting will be subject to a lock-up of 180 days, and Philips Lighting board of management will be subject to lock up of 360 days . Up to 10 pct of offering reserved for preferential allocation to retail investors in the Netherlands . Offer and subscription period starts 9:00 CEST on May 16 . Final offer price expected to be announced on May 26 . Granted underwriters over-allotment option for up to an additional 15 pct of the number of offered shares . Offered shares and maximum number of over-allotment shares together represent 28.75 pct of company's shares.  Full Article

Koninklijke Philips says lighting separation process well on track
Monday, 25 Apr 2016 01:00am EDT 

Koninklijke Philips NV:Philips lighting separation process well on track.Our outlook for 2016 remains unchanged.Philips continues to simultaneously prepare for an initial public offering (IPO) or a private sale of Philips Lighting.Costs related to the separation amounted to 52 million euros in the first quarter of 2016. For 2016, Philips now expects separation costs to be in the range of 200 - 225 million euros.  Full Article

Philips introduces first commercial MR-only solution in U.S.
Tuesday, 29 Mar 2016 08:00pm EDT 

Koninklijke Philips NV:Introduces first commercial MR-only solution for prostate cancer treatment planning in U.S.  Full Article

Koninklijke Philips NV - Respironics to pay $34.8 mln to resolve U.S. kickback claims related to sleep apnea masks - Reuters News
Wednesday, 23 Mar 2016 09:11am EDT 

Koninklijke Philips NV:U.S. Department of Justice says respironics to pay $34.8 million to resolve false claims act allegations - RTRS.Justice Department accused respironics of paying kickbacks to suppliers that bought its masks for patients with sleep apnea.U.S. says kickbacks took the form of free call center services to durable medical equipment suppliers.U.S. says respironics to pay $34.14 million to federal government, balance to state governments.U.S. says whistleblower doctor who brought the original lawsuit will receive $5.38 million from the settlement.  Full Article

Koninklijke Philips receives 510(k) clearance of Care Orchestrator
Monday, 29 Feb 2016 07:00pm EST 

Koninklijke Philips NV:Philips Respironics , a business of Royal Philips, receives 510(k) clearance from the U.S. Food and Drug Administration (FDA) of Care Orchestrator, a cloud-based clinical management software for patients with sleep and respiratory conditions.  Full Article

Factbox: Deals scuppered by U.S. regulatory scrutiny

Aixtron SE's takeover by China's Fujian Grand Chip Investment Fund may soon be on the list of deals called off due to increased U.S. regulatory scrutiny.