Philips to acquire Electrical Geodesics for £29 million

Philips has agreed to acquire Electrical Geodesics for £29 million in cash, at 105.4p per share, a 36% premium. The deal is expected to close in Q3 2017.

“Amsterdam-based Philips has offered 105.4p in cash for each Electrical Geodesics share held, a 36% premium to its closing share price.”proactiveinvestors.com

• 1 source
• proactiveinvestors.comElectrical Geodescis agrees £29mln merger with Philips | AIM:EGIRenae DyerJun 22, 2017

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