Melrose Eyes £4bn Bid For Philips Lighting
According to Sky News, the London listed industrial turnaround business Melrose eyes a bid for Philips’ lighting division, which could be worth £4bn.
Melrose is contemplating whether to join an auction of the business, which is drawing interest from some of the world’s largest buyout funds.
If Melrose secures a deal to buy the Philips division, it would mark the British company’s largest takeover to date, but would also represent a departure from the series of acquisitions it has made since it launched 13 years ago.
Read more here.