Koninklijke Philips N.V.
Below you will find information from the register publication of inside information. The information has been provided by the organisation.
Registration date
03 jan 2008 - 08:35
Statutory name
Koninklijke Philips N.V.
Title
PHILIPS EXTENDS TENDER OFFER PERIOD TO ACQUIRE GENLYTE
Comments
Amsterdam, the Netherlands – Royal Philips Electronics (NYSE:PHG, AEX:PHI) (“Philips”) today announced that its indirect wholly owned subsidiary Golf Merger Sub, Inc. (“Philips Merger Sub”) is extending the expiration date for its previously announced tender offer until 12:00 midnight on January 16, 2008 for all outstanding shares of common stock of The Genlyte Group Incorporated (“Genlyte”) for $95.50 per Genlyte share, without interest and subject to any applicable withholding of taxes.
On November 30, 2007, Philips Merger Sub commenced the tender offer for the Genlyte shares, which is being made in accordance with the Agreement and Plan of Merger, dated as of November 25, 2007, by and among Genlyte, Philips Holding USA Inc. and Philips Merger Sub (the “merger agreement”). While the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the applicable waiting period under the Competition Act (Canada), in each case, applicable to the acquisition of Genlyte by Philips Holding USA Inc., have expired as of January 2, 2008, not all of the approvals related to the remaining non-U.S. regulatory filings required to close the tender offer had yet been obtained. As of 12:00 midnight on January 2, 2008, Philips Merger Sub had received a preliminary number of tenders representing approximately 23.7 million of the outstanding Genlyte shares, which represented approximately 77 percent of the outstanding Genlyte shares (on a fully diluted basis).
Investors and stockholders of Genlyte are urged to read the Tender Offer Statement on Schedule TO (containing the offer to purchase, a letter of transmittal and related materials) relating to the tender offer that has been filed with the Securities and Exchange Commission (the “SEC”) because it contains important information, including the various terms of, and conditions to, the tender offer. Investors and stockholders of Genlyte may obtain these and other documents regarding the tend
Date last update: 21 July 2025