U.S. blocks Philips’ $3.3 bln sale of Lumileds to Asian buyers

U.S. blocks Philips’ $3.3 bln sale of Lumileds to Asian buyers

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Due to security concerns.

“The agreement to sell an 80 percent stake in the Lumileds division based in California ran into opposition from the Committee on Foreign Investment in the United States (CFIUS), Philips said in a statement.”

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