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Stock Market & Financial Investment News

News Breaks
June 30, 2014
05:36 EDTPHGPhilips to combine LED components, Automotive lighting businesses
Royal Philips announced that it will start the process to combine its LED components and Automotive lighting businesses into a stand-alone company within the Philips Group. Philips will explore strategic options to attract capital from third party investors for the business. Philips intends to remain a shareholder and customer of the new company, and will continue the existing innovation collaboration. Sales of the combined businesses were approximately EUR 1.4B in 2013. The CEO of the new company will be Pierre-Yves Lesaicherre, the current CEO of Lumileds. The process to combine Lumileds and Automotive into an integrated business within the Philips Group is expected to be completed in the first half of 2015. Costs associated with setting up the combined business are expected to amount to EUR 30M in the second half of 2014.
News For PHG From The Last 14 Days
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December 19, 2014
16:35 EDTPHGMarket ends week higher as Fed reassures, oil stabilizes
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December 17, 2014
12:57 EDTPHGOn The Fly: Midday Wrap
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09:22 EDTPHGOn The Fly: Pre-market Movers
HIGHER: Auspex Pharmaceuticals (ASPX), up 83.1% after Phase 3 trial of SD-809 met primary efficacy endpoint... Volcano (VOLC), up 55.3% after Philips (PHG) announced it will acquire the company for $18.00 per share... Paramount Gold and Silver (PZG), up 35.9% after announcing a merger agreement with Coeur Mining... Cerus (CERS), up 17.8% after FDA approves Intercept Blood System... American Apparel (APP), up 15.5% after terminating Dov Charney for cause... TASER (TASR), up 6.1% after LAPD purchases 860 AXON body-worn video cameras... Idera Pharmaceuticals (IDRA), up 5.9% after being called a top 2015 small cap pick at Piper Jaffray... Kandi Technologies (KNDI), up 7.5% after selling 1,000 electric vehicles to Chengdu City... Stillwater Mining (SWC), up 2.7% after being upgraded to Buy from Neutral at Goldman. DOWN AFTER EARNINGS: FedEx (FDX), down 3.5%... Joy Global (JOY), down 1.7%. ALSO LOWER: POZEN (POZN), down 13.1% after receiving a second complete response letter from the FDA for Yosprala... Cliffs Natural (CLF), down 13.1% after price target cut to $1 from $10 at Credit Suisse... Coeur Mining (CDE), down 2.8% following merger agreement with Paramount Gold and Silver.
05:21 EDTPHGPhilips to acquire Volcano for $18.00 per share
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05:19 EDTPHGPhilips to acquire Volcano for $18.00 per share

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