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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Koninklijke Philips NV | EU:PHIA | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.15 | 0.78% | 19.415 | 19.40 | 19.41 | 19.46 | 19.225 | 19.405 | 454,001 | 11:06:30 |
From Apr 2019 to Apr 2024
By Sabela Ojea
Koninklijke Philips NV said Thursday that it has signed a contract to acquire Intact Vascular, Inc for an upfront cash consideration of $275 million with the aim of expanding its image-guided therapy portfolio.
The Dutch health-technology company said the agreement also includes deferred payments for which the company expects to recognize a provision of $85 million upon completion of the transaction, which is expected to be closed in the third quarter of the year.
Intact Vascular is a U.S.-based developer of medical devices for minimally-invasive peripheral vascural procedures, the company said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
August 27, 2020 02:29 ET (06:29 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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