# 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.

- Type: Acquisition
- Announced: 2017-06-22
- Where: United Kingdom
- Value: $37.0M (29.0M GBP)
- Status: announced
- Products: EEG platform technology
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Philips](https://endata.com/companies/21124.md) (acquirer)
- [Electrical Geodesics](https://endata.com/companies/25081.md) (target)

## Sources

- [proactiveinvestors.com](https://www.proactiveinvestors.com/companies/news/179687/electrical-geodescis-agrees-29mln-merger-with-philips-179687.html), 2017-06-22: "Amsterdam-based Philips has offered 105.4p in cash for each Electrical Geodesics share held, a 36% premium to its closing share price."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.