Philips' $5.1b Acquisition of Respironics Clears Eu

Summary


The $5.1 billion acquisition of Murrysville-based Respironics Inc. by Royal Philips Electronics was approved Wednesday by the European Union, paving the way for the deal to be completed later this month.

"The European Commission concluded the operation would not significantly impede effective competition in the European Economic Area or in any substantial part of it," a European Union news release said.

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Extract


Philips' $5.1b Acquisition of Respironics Clears Eu

The go-ahead occurred on the last day of a 25-day period the European ...

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