We just announce that Philips is out of Philips Sound Solutions and today other business sell from Philips:
Philips today announced that FEI Company, 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.
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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