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Philips Aims To Spin Off Lighting Business In 2016 IPO

By Linda Chiem (March 19, 2015, 1:23 PM EDT) -- Dutch electronics giant Koninklijke Philips NV said Thursday that it plans to spin off its lighting business in an initial public offering next year as it embarks on restructuring its operations, giving it room to expand in the lucrative consumer health technology business....

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