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Koninklijke Philips NV (PHG)

PHG on New York Consolidated

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21 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Gigastorage files third trial appeal against Royal Philips of the Netherlands
Monday, 31 Jul 2017 04:33am EDT 

July 31 (Reuters) - Gigastorage Corp <2406.TW> ::* Says the company files a third trial appeal against Royal Philips of the Netherlands with Intellectual Property Court, on July 31, regarding DVD optical disk patent infringement case.* In the second trial, the company was ordered to pay T$1.05 billion to Royal Philips of the Netherlands.  Full Article

Philips Lighting Q2 net income rises to 73 million euros
Friday, 21 Jul 2017 01:14am EDT 

July 21 (Reuters) - PHILIPS LIGHTING NV ::H1 SALES AMOUNTED TO EUR 3,389 MILLION.REG-PHILIPS LIGHTING REPORTS SECOND QUARTER SALES OF EUR 1.7 BILLION AND OPERATIONAL PROFITABILITY OF 10.2%.Q2 ADJUSTED EBITA OF EUR 174 MILLION (Q2 2016: EUR 161 MILLION).Q2 NET INCOME OF EUR 73 MILLION (Q2 2016: EUR 57 MILLION).ON TRACK TO FURTHER IMPROVE ADJUSTED EBITA MARGIN BY 50-100 BASIS POINTS FOR FULL YEAR.ON TRACK TO DELIVER SOLID FREE CASH FLOW FOR FY.WHILE WE ARE CAUTIOUS GIVEN GLOBAL ECONOMIC UNCERTAINTY, WE ARE CONFIDENT THAT WE WILL RETURN TO POSITIVE COMPARABLE SALES GROWTH IN COURSE OF THIS YEAR.  Full Article

Koninklijke Philips signes an agreement to acquire TomTec Imaging Systems‍​
Tuesday, 18 Jul 2017 02:04am EDT 

July 18 (Reuters) - KONINKLIJKE PHILIPS NV ::SIGNED AN AGREEMENT TO ACQUIRE TOMTEC IMAGING SYSTEMS GMBH‍​.‍COMPLETION OF TRANSACTION IS EXPECTED LATER TODAY​.‍FINANCIAL DETAILS WERE NOT DISCLOSED​.  Full Article

Philips and West Physics sign partnership to provide healthcare organizations
Monday, 17 Jul 2017 11:45am EDT 

July 17 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS AND WEST PHYSICS SIGN EXCLUSIVE PARTNERSHIP TO PROVIDE HEALTHCARE ORGANIZATIONS WITH A COMPREHENSIVE RADIATION DOSE MANAGEMENT PROGRAM.  Full Article

Philips receives FDA clearance to market Bluecontrol
Thursday, 13 Jul 2017 09:00am EDT 

July 13 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS RECEIVES U.S. FDA 510(K) CLEARANCE TO MARKET ITS PHILIPS BLUECONTROL, A WEARABLE LIGHT THERAPY DEVICE TO TREAT MILD PSORIASIS AT HOME.‍IN U.S., BLUECONTROL IS A CLASS II PRESCRIPTION MEDICAL DEVICE DESIGNED FOR HOME USE.​.TO PREPARE FOR COMMERCIAL LAUNCH OF BLUECONTROL IN U.S. MARKET IN EARLY 2018..  Full Article

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 nets $7.1 million in patent verdict against Zoll Medical

A federal jury on Thursday ordered medical equipment maker Zoll Medical Corp to pay Philips a net verdict of $7.1 million for infringing three patents covering technology related to external defibrillators, far less than the Dutch lighting and electronics company had sought.