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PHG Lyxor Index Fund-Lyxor Stoxx Europe 600 Pers& Hou Good UCITS ETF

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0.00 (0.00%)
Name Symbol Market Type
Lyxor Index Fund-Lyxor Stoxx Europe 600 Pers& Hou Good UCITS ETF BIT:PHG Italy Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0 -

Philips Reaches Agreement To Buy Italian Saeco

25/05/2009 7:54am

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Royal Philips Electronics NV (PHG) Monday announced that it has reached a binding agreement to acquire Saeco International Group S.p.A., the Italy-based leading espresso machine maker which is controlled by PAI partners.

Successful completion of this transaction is, amongst others, subject to Philips reaching a final agreement with Saeco's banks with which the company has outstanding credit obligations.

Philips will provide additional detailed information about this proposed acquisition if and when conditions for a successful agreement have been met.

Company Web Site: http://www.philips.com

 
 

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