Koninklijke Philips N.V.

Hieronder vindt u informatie uit het register openbaarmaking voorwetenschap. Deze informatie is door de organisatie verstrekt.

Publicatie datum 10 nov 2005 - 09:01

Statutaire naam Koninklijke Philips N.V.

Titel Philips to merge its MDS business unit with Toppoly

Bericht 10 November 2005 Philips to merge its MDS business unit with Toppoly Today Royal Philips Electronics (NYSE: PHG, AEX: PHI) of The Netherlands and Toppoly Optoelectronics Corporation of Taiwan announced that they have signed a binding letter of intent to join forces by merging Philips’ Mobile Display Systems (MDS) business unit with Toppoly to create a leader in mobile display technology. The company will be named “TPO”. Upon completion of the transaction, TPO’s principal shareholders will be Compal Electronics Inc. (of Taiwan): 25.1%, Philips: 17.5%, and UniPresident Enterprises Corp. (of Taiwan) with 3.5%. As a result of this transaction Philips will take a charge of approximately EUR 70 million in fourth quarter 2005, based on current exchange rates and Toppoly share price. Additionally, in accordance with accounting principles, Philips will deconsolidate the MDS business and separately report the results in the 2005 financial statements. The transaction, pending regulatory approvals, is expected to be completed in the first half of 2006. The participation in TPO will be reported as a non-current financial asset. For further information, please also refer to the joint press release, issued November 10, or contact: Jeannet Harpe Philips Corporate Communications Tel: +31 20 59 77 199 Email: jeannet.harpe@philips.com About Royal Philips Electronics Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world’s biggest electronics companies and Europe’s largest, with sales of EUR 30.3 billion in 2004. With activities in the three interlocking domains of healthcare, lifestyle and technology and 161,500 employees in more than 60 countries, it has market leadership positions in medical diagnostic imaging and patient monitoring, color television sets, electric shavers, lighting and silicon system solutions. News from Philips is located at www.philips.com/newscenter Forward-looking statements This release may contain certain forward-l

Vorige register resultaat

Volgende register resultaat

Gerelateerde downloads

200511100000000016_2005-11-10 no 44 Philips to merge its MDS business unit with Toppoly.doc (opens in a new window)

Datum laatste update: 13 maart 2026