Philips plans to sell stake in FEI company
Thursday, November 30, 2006
Amsterdam, The Netherlands – Royal Philips Electronics (NYSE:PHG, AEX:PHI) today announced that FEI Company (NASDAQ: FEIC), in which Philips currently owns approximately 24.8% of the issued share capital, has filed a registration statement on Form S-3 with the United States Securities and Exchange Commission (SEC) relating to the planned secondary offering of 8,406,007 common shares in FEI. As a result of this transaction, Philips expects its share holdings in FEI will be reduced to zero.
FEI designs and manufactures a variety of electron microscopes and nanotechnology tools and components.
All of the shares included in this offering would be offered by Philips Business Electronics International B.V. Philips would receive all of the net proceeds from the offering. The actual number of FEI shares to be offered by Philips will depend upon prevailing market conditions at the time of the offering.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. The contemplated offering remains subject to a number of conditions, including the circulation of a preliminary prospectus and the declaration by the SEC of the effectiveness of FEI’s registration statement relating to the offering.
These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in healthcare, lifestyle and technology, delivering products, services and solutions through the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 126,000 employees in more than 60 countries worldwide. With sales of EUR 30.4 billion in 2005, the company is a market leader in medical diagnostic imaging and patient monitoring systems, energy efficient lighting solutions, personal care and home appliances, as well as consumer electronics. News from Philips is located at www.philips.com/newscenter.
This release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
- Contact Information
- Arent Jan Hesselink
- Philips Corporate Comunications
- Royal Philips Electronics of the Netherlands
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