Wismuller Gunter: Philips to Sell Lumileds to Apollo at Discounted $2 Billion

Royal Philips NV agreed to sell a majority stake in its lighting components unit to Apollo Global Management LLC in a cut-price deal valued at $2 billion after a U.S. national security panel blocked a more lucrative transaction with a Chinese buyer almost a year ago.

Source: http://www.1888pressrelease.com/wismuller-gunter-philips-to-sell-lumileds-to-apollo-at-disc-pr-603620.html