Friday, December 15, 2006
Amsterdam, The Netherlands– Royal Philips Electronics (NYSE:PHG, AEX:PHI) today announced the sale of 8.4 million shares of common stock in FEI Company (NASDAQ: FEIC). All of the shares included in this offering were sold by Philips Business Electronics International B.V. The sale will provide Philips with net proceeds of approximately EUR 155 million. As a result of this transaction, the company will book a non-taxable gain of approximately EUR 75 million in its earnings for the fourth quarter of 2006.
This offering by Philips of FEI Company shares was announced on November 30, 2006, and priced on December 14, 2006 at USD 25.0 per share of common stock. Upon closing of the transaction, which is scheduled for Wednesday, December 20, 2006, Philips will have reduced its shareholding in FEI to zero.
For more information, please contact:
Arent Jan Hesselink
Philips Corporate Comunications
Tel +31 20 59 77415
email arentjan.hesselink@philips.com
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