AMSTERDAM: Dutch electrical appliances maker Philips NV has agreed to buy Intermagnetics, a maker of magnets and imaging tools for hospital imaging equipment, for US$1.3bil cash or US$27.50 a share.
Intermagnetics shares closed at US$21.38 on Nasdaq on Wednesday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!