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Koninklijke Philips NV (PHG.AS)

PHG.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Koninklijke Philips and Singapore institute of advanced medicine sign agreement to open oncology center in Singapore
Thursday, 6 Jul 2017 04:12am EDT 

July 6 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS AND SINGAPORE INSTITUTE OF ADVANCED MEDICINE HOLDINGS SIGN AGREEMENT TO OPEN FIRST-OF-ITS-KIND ONCOLOGY CENTER IN SINGAPORE.SINGAPORE INSTITUTE OF ADVANCED MEDICINE HOLDINGS (SAM) IS INVESTING UP TO SGD 100 MILLION (ABOUT USD 72 MILLION).  Full Article

Royal Philips acquires Health & Parenting Ltd
Tuesday, 4 Jul 2017 02:12am EDT 

July 4 (Reuters) - KONINKLIJKE PHILIPS NV : :PHILIPS EXPANDS ITS UGROW DIGITAL PARENTING PLATFORM WITH ACQUISITION OF HEALTH & PARENTING LTD.  Full Article

Philips Lighting announces purchase of traceable renewable electricity from Dubai Electricity and Water Authority (Dewa's) Mohammed Bin Rashid Al Maktoum solar park
Monday, 3 Jul 2017 07:04am EDT 

July 3 (Reuters) - PHILIPS LIGHTING BV ::ANNOUNCED THE PURCHASE OF TRACEABLE RENEWABLE ELECTRICITY FROM DUBAI ELECTRICITY AND WATER AUTHORITY (DEWA'S) MOHAMMED BIN RASHID AL MAKTOUM SOLAR PARK IN DUBAI.  Full Article

Koninklijke Philips to initiate share buyback program for up to 1.5 billion euros
Wednesday, 28 Jun 2017 01:38am EDT 

June 28 (Reuters) - KONINKLIJKE PHILIPS NV ::WILL BE INITIATING A SHARE BUYBACK PROGRAM FOR AN AMOUNT OF UP TO EUR 1.5 BILLION .  Full Article

Philips to acquire Spectranetics Corporation
Wednesday, 28 Jun 2017 01:38am EDT 

June 28 (Reuters) - SPECTRANETICS CORP ::PHILIPS TO ACQUIRE SPECTRANETICS CORPORATION.ACQUISITION EXPECTED TO BE REVENUE GROWTH, ADJUSTED EBITA MARGIN AND ADJUSTED EPS ACCRETIVE FOR PHILIPS BY 2018.PHILIPS WILL COMMENCE A TENDER OFFER TO ACQUIRE ALL OF ISSUED AND OUTSTANDING SHARES OF SPECTRANETICS FOR USD 38.50 PER SHARE, TO BE PAID IN CASH.THIS REPRESENTS A 27 PERCENT PREMIUM TO SPECTRANETICS CLOSING PRICE ON JUNE 27, 2017..IMPLIED ENTERPRISE VALUE IS APPROXIMATELY EUR 1.9 BILLION, INCLUSIVE OF SPECTRANETICS' CASH AND DEBT..BOARD OF DIRECTORS OF SPECTRANETICS HAS APPROVED TRANSACTION AND RECOMMENDS OFFER TO ITS SHAREHOLDERS.TRANSACTION IS EXPECTED TO CLOSE IN Q3 OF 2017..PHILIPS IS OFFERING SPECTRANETICS SHAREHOLDERS USD 38.50 IN CASH PER SHARE, WHICH CONSTITUTES A 27 PERCENT PREMIUM TO SPECTRANETICS CLOSING PRICE ON JUNE 27, 2017.PHILIPS TO ACQUIRE SPECTRANETICS CORPORATION.  Full Article

Philips to acquire Spectranetics Corp for $38.50/share
Wednesday, 28 Jun 2017 01:30am EDT 

June 28 (Reuters) - Spectranetics Corp ::Philips to acquire the Spectranetics Corporation to accelerate expansion in image-guided therapy devices to treat cardiac and peripheral vascular disease.Spectranetics-Philips will commence a tender offer to acquire all outstanding shares of co for USD 38.50 per share, to be paid in cash upon completion.Acquisition expected to be revenue growth, adjusted ebita margin and adjusted EPS accretive for Philips by 2018.Says board of directors of Spectranetics has approved transaction and recommends offer to its shareholders.Implied enterprise value is approximately EUR 1.9 billion, inclusive of Spectranetics' cash and debt.Board of directors of spectranetics has approved transaction and recommends offer to its shareholders.Spectranetics' standalone revenue growth is expected to be double-digit and adjusted EBITA to be positive by 2018.Philips intends to finance acquisition through a combination of cash on hand and issuance of debt.  Full Article

Philips annouces receiving FDA 510(k) clearance to market new applications on its Intellispace portal platform for radiology
Tuesday, 27 Jun 2017 08:00am EDT 

June 27 (Reuters) - KONINKLIJKE PHILIPS NV : :PHILIPS RECEIVES FDA 510(K) CLEARANCE TO MARKET MULTIPLE NEW APPLICATIONS ON ITS INTELLISPACE PORTAL PLATFORM FOR RADIOLOGY.  Full Article

Philips to acquire Electrical Geodesics for GBP 29 mln
Thursday, 22 Jun 2017 02:00am EDT 

June 22 (Reuters) - KONINKLIJKE PHILIPS NV :PHILIPS TO ACQUIRE ELECTRICAL GEODESICS, INC. TO ESTABLISH INTEGRATED NEUROLOGICAL IMAGING, MAPPING AND THERAPY GUIDANCE PORTFOLIO.EGI STOCKHOLDERS WILL RECEIVE, IN CASH, 105.4 PENCE PER EGI SHARE‍​.TRANSACTION TOTAL EQUITY VALUE OF GBP 29.0 MILLION (APPROXIMATELY EUR 32.9 MILLION).‍​.TRANSACTION IS SUBJECT TO CUSTOMARY CLOSING CONDITIONS, INCLUDING EGI STOCKHOLDER APPROVAL, AND IS EXPECTED TO CLOSE IN THE THIRD QUARTER OF 2017.EGI STOCKHOLDERS WILL RECEIVE, IN CASH, 105.4 PENCE PER EGI SHARE, WHICH CONSTITUTES A 36.0 PERCENT PREMIUM TO EGI'S CLOSING PRICE ON JUNE 21, 2017.  Full Article

Philips acquires US-based Respirtech
Monday, 22 May 2017 02:09am EDT 

May 22 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS TO EXPAND ITS SLEEP & RESPIRATORY CARE BUSINESS WITH ACQUISITION OF US-BASED RESPIRTECH.SIGNED AN AGREEMENT TO ACQUIRE RESPIRATORY TECHNOLOGIES, INC. (RESPIRTECH).FINANCIAL DETAILS OF TRANSACTION WILL NOT BE DISCLOSED.TRANSACTION IS EXPECTED TO BE COMPLETED IN COMING MONTHS, SUBJECT TO CUSTOMARY CLOSING CONDITIONS.  Full Article

Philips Lighting to buy back up to 1.05 million shares
Monday, 22 May 2017 01:35am EDT 

May 22 (Reuters) - Philips Lighting NV ::PHILIPS LIGHTING STARTS SHARE BUYBACK PROGRAM OF UP TO 1.05 MILLION SHARES TO COVER PERFORMANCE SHARE PLANS.PROGRAM WILL START ON MAY 22, 2017 AND IS EXPECTED TO BE COMPLETED WITHIN THE NEXT THREE MONTHS.THE 1.05 MILLION SHARES INTENDED TO BE BOUGHT REPRESENT APPROXIMATELY 0.7% OF THE COMPANY'S ISSUED SHARE CAPITAL.  Full Article

BRIEF-Koninklijke Philips reclassified to health care sector by MSCI‍​

* RECLASSIFICATION EFFECTIVE AS OF OPENING OF EUROPEAN MARKETS ON SEPTEMBER 1, 2017 Source text: http://philips.to/2gxBNPI Further company coverage: (Gdynia Newsroom:)