Philips preps for billion-dollar deals in wake of Lighting IPO

Royal Philips ($PHG) has started making noises as if all that cash from its recent IPO for its Lighting business is already burning a hole in its pocket. The company's CEO Frans van Houten told Bloomberg that Philips is looking to make more acquisitions along the lines of its $1.2 billion buy of catheter-based visualization and treatment player Volcano, as well as smaller deals. More

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