Consumer Goods M&A » By The Online Investor Staff, updated Fri., Apr. 19, 6:33 AM
Recent mergers and acquisitions in the Consumer Goods M&A category.
| This Slide: #17 of 100 |
Slide #17. Gibson Brands — Philips' Audio and Home Entertainment Business
Acquirer:
Gibson Brands
Acquiree:
Philips' Audio and Home Entertainment Business (NYSE:PHG)
Details:
As part of its continued growth and diversification in the music and audio lifestyle arena, Gibson Brands, Inc. (www.gibson.com) today announced that it has signed an agreement with Royal Philips (NYSE:PHG,AEX,PHIA) to acquire WOOX Innovations, the audio, video, multimedia and accessories business of Philips. Under the terms of the agreement, Gibson Brands will pay $135 million and a brand license fee, relating to a license agreement for an initial period of 7 years. The deal is expected to close in the second half of 2014, subject to customary conditions, including regulatory filings and works council procedures.
Open the PHG Page at The Online Investor »
|
|||||||||||||||||||||
Open the PHG Page at The Online Investor (in a new window) »
 Free PHG Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
Avg. Broker Rec.
 
|
Sell (1.29 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: PHG Stock Forecast Based on Zacks ABR data; powered by Xignite |
