Product category: Microprocessors, Microcontrollers and DSPs
News Release from: NXP Semiconductors
Edited by the Electronicstalk Editorial Team on 08 August 2006
Semiconductors business set for selloff
A consortium of investors has agreed to acquire an 80.1% stake in Philips' Semiconductors business, with Philips retaining a 19.9% stake.
Royal Philips Electronics has signed an agreement with Kohlberg Kravis Roberts and Co, Silver Lake Partners and AlpInvest Partners through which the consortium will acquire an 80.1% stake in Philips' Semiconductors business, with Philips retaining a 19.9% stake in this business The transaction will put the enterprise value for Philips' Semiconductors business at approximately Eur 8.3 billion - consisting of Eur 3.4 billion purchasing price, Eur 4.0 billion for debt and other liabilities, and Eur 0.9 billion for Philips' remaining stake
This article was originally published on Electronicstalk on 3 Jul 2008 at 8.00am (UK)
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