Philips intends to assist regulatory authorities in cartel probes in CRT industry
Amsterdam, The Netherlands – Competition law authorities in several jurisdictions have commenced investigations into possible anticompetitive activities in the Cathode-Ray Tubes, or CRT, industry. Royal Philips Electronics (NYSE:PHG, AEX: PHI) today announced that, as one of the companies that was active in the CRT business, it is subject to one or more of these ongoing investigations.
Philips’ policy is to conduct business in full compliance with all applicable competition laws.
Philips takes the investigations into possible violations of these laws very seriously. The company intends to assist the regulatory authorities in these investigations. As these matters are in the very early stages, Philips is not in a position to predict or comment on their outcome.
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