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The Business First of Louisville (Free subscription) | 01/09/2008
Royal Philips Electronics is again ready to move forward despite delays in receiving necessary regulatory approvals for its previously announced $2.63 billion purchase of lighting manufacturer The Genlyte Group, according to a filing with the U.S. Securities and Exchange Commission. (GLYT)
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The Business First of Louisville (Free subscription) | 01/03/2008
Royal Philips Electronics is delaying the expiration date of its tender offer for The Genlyte Group Inc. until midnight on Jan. 16. (GLYT)
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The Earth Times Online Newspaper (Free subscription) | 01/03/2008
AMSTERDAM (Reuters) - Philips Electronics has extended its $2.7 billion takeover offer for U.S. lighting maker Genlyte Group Inc to January 16, saying not all regulatory approvals have been obtained yet.
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Reuters (Free subscription) | 01/03/2008
AMSTERDAM (Reuters) - Philips Electronics has extended its $2.7 billion takeover offer for U.S. lighting maker Genlyte Group Inc to January 16, saying not all regulatory approvals have been obtained yet.
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traderthoughts.com | 12/19/2007
On November 26, Philips announced its intention to acquire Genlyte Group Inc. (NASDAQ: GLYT). With the company announcing an offer price of $95.50 per share, the acquisition price has been pegged at $2.7Bn (11.3x est EBITDA for 2007). On closing of the transaction, expected in Q1 '08, Genlyte will become part of the luminaires business group within Philips lighting. While Philips is one of the leaders
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Sound Money Tips (Free subscription) | 11/30/2007
Palma Research submits: On November 26, Philips announced its intention to acquire Genlyte Group Inc. (NASDAQ: GLYT). Complete Story »
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Earth2Tech (Free subscription) | 11/27/2007
As the LED market heats up, young startups and old blue chips alike are vying for a slice of the luminous pie. Dutch electronics giant Royal Philips Electronics said this week it will buy lighting company Genlyte Group, based in Louisville, Ky., for $2.7 billion, the latest in a string of LED-centered acquisitions Philips (PHG) [...]
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Market Wire - Investment Opinion (Free subscription) | 11/27/2007
WESTON, FL (MARKET WIRE) Wall Street News Alert's "stocks to watch" this morning are: ER Urgent Care Centers (PINKSHEETS: ERUC), EMC Corporation (NYSE: EMC), The Genlyte Group Incorporated (NASDAQ: GLYT) and Level 3 Communications, Inc. (NASDAQ: LVLT).
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New York Times (Free subscription) | 11/27/2007
Royal Philips Electronics said Monday that it would buy the Genlyte Group for $2.7 billion in a move the company said would strengthen its position in energy-efficient lighting.
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The Business First of Louisville (Free subscription) | 11/26/2007
Electronics giant Philips has agreed to buy one of Louisville's largest public companies, The Genlyte Group Inc., for $2.7 billion. (GLYT)
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NDTV (Free subscription) | 11/26/2007
Royal Philips Electronics NV, the world's largest lighting maker, said on Monday it will pay $95.50 a share in cash for Genlyte Group Inc, in a manage
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Sound Money Tips (Free subscription) | 11/26/2007
Dutch electronics conglomerate Royal Philips Electronics announced Monday it was buying U.S. light-emitting diode [LED] maker Genlyte Group for $2.7 billion, its largest acquisition in dollar terms ever. Complete Story »
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The Business First of Louisville (Free subscription) | 11/20/2007
Larry Powers, chairman, president and CEO of the Genlyte Group Inc., has been recognized as a national finalist for Ernst & Young's Entrepreneur of the Year award. (GLYT)
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Sound Money Tips (Free subscription) | 10/29/2007
Larry Powers - Chairman, President and CEO
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Reuters UK (Free subscription) | 10/29/2007
Oct 29 (Reuters) - Lighting-fixture maker Genlyte Group Inc reported a 5.7 percent rise in third-quarter profit, as growth in non-residential markets and price increases helped offset a weak residential construction market, and shares rose as much as 9 percent.
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traderthoughts.com | 12/19/2007
On November 26, Philips announced its intention to acquire Genlyte Group Inc. (NASDAQ: GLYT). With the company announcing an offer price of $95.50 per share, the acquisition price has been pegged at $2.7Bn (11.3x est EBITDA for 2007). On closing of the transaction, expected in Q1 '08, Genlyte will become part of the luminaires business group within Philips lighting. While Philips is one of the leaders...