Royal Philips Electronics (PHG) of The Netherlands Friday said it would acquire U.S.-based health care firm
In joint statements, the companies said they had reached a definitive merger agreement under which Philips will acquire all of
Cost synergies expected from this transaction will be primarily based on supply chain optimization and savings in general, and administrative expenses including IT related synergies to be achieved by leveraging
The combined businesses will profit from cross-selling opportunities leveraging Philips' strengths in the hospital and the home. The transaction will be immediately accretive to revenue growth as well as Ebita margin to Philips and Philips Healthcare.
Over a 12-month period ending in September, 2007,
The tender offer is expected to commence by
These include the tender of a majority of the outstanding