Thursday, December 20, 2007

Lights on for Philips’ Acquisition of Genlyte


Speaking of Royal Philips Electronics, which was mentioned in our last post, Philips acquisition of Genlyte Group can proceed, as the mandatory waiting period under the Hart-Scott-Rodino Act expired, according to a press release from Philips. Philips has agreed to pay around $2.7 billion for the acquisition of Genlyte, which designs, manufactures, and sells lighting fixtures. The acquisition will make Philips the biggest lighting company in North America, and will expand Philips' sales of LEDs.

 

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