Melrose said to be interested in bidding for the lighting branch of Philips

Melrose said to be interested in bidding for the lighting branch of Philips

billion

The Wall street journal  reports says ” The acquisition of the Philips lighting unit would be a major investment by Melrose, which focuses on turning around manufacturing businesses for a profit. On Tuesday its market capitalization stood at £2.8 billion.” Philips lighting branch may be valued as high as 6.5 billion.

 

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