Koninklijke Philips N.V.
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Publicatie datum
19 jan 2006 - 08:04
Statutaire naam
Koninklijke Philips N.V.
Titel
Philips to acquire personal emergency response company Lifeline Systems, Inc.
Bericht
PHILIPS TO ACQUIRE PERSONAL EMERGENCY RESPONSE COMPANY LIFELINE SYSTEMS, INC.
Acquisition of market leader in North America positions Philips to enter the home healthcare market
Amsterdam, The Netherlands and Framingham, Massachusetts – Royal Philips Electronics (NYSE:PHG, AEX:PHI) announced today that they have signed a definitive merger agreement with Lifeline Systems, Inc. (NASDAQ: LIFE) under which Philips will acquire Lifeline, a leader in personal emergency response services. Philips has agreed to acquire Lifeline for USD 47.75 per share or a total equity value of USD 750 million (equaling an aggregate value of USD 690 million net of USD 60 million cash and cash equivalents) in a transaction that has been unanimously approved by the Board of Directors of Lifeline. Completion of the transaction is subject to the terms and conditions of the merger agreement, which contains customary closing conditions and is subject to the approval of Lifeline’s shareholders.
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Datum laatste update: 25 december 2025