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Article: Philips to Acquire Genlyte.

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PR Newswire
Article date:
November 26, 2007
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Philips to Acquire Genlyte in an All-Cash Transaction for USD 95.50 per share

LOUISVILLE, Ky., Nov. 26 /PRNewswire-FirstCall/ -- The Genlyte Group Incorporated ("Genlyte"), a leading manufacturer of lighting fixtures, controls, and related products for the commercial, industrial and residential markets, today announced that it has entered into a definitive merger agreement with Philips Holding USA Inc. ("Philips"), a fully-owned subsidiary of Royal Philips Electronics pursuant to which Philips will acquire Genlyte in an all-cash transaction for approximately USD 2.7 billion that will create one of the world leaders in lighting fixtures, controls and related ...

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