Electronics giant Philips says wants to split company
TUESDAY, SEPTEMBER 23, 2014
Play
THE HAGUE (AFP) - Dutch electrical appliance group Philips said Tuesday it wants to split the company in two, separating its healthcare-lifestyle and lighting businesses.
"I do appreciate the magnitude of the decision we are taking, but the time is right to take the next strategic step for Philips," CEO Frans van Houten said in a statement.