Dutch electronics giant Philips is a company to watch, as it shifts from a former core business in lighting to a focus more on healthcare and technology electronics, with specific emphasis on home health.
New York Times staffer Chad Bray reports that Philips said on Monday that it was “more likely” that the company would pursue an initial public offering, rather than a private sale, of its lighting business. Bray writes:
The lighting business includes divisions that produce traditional light bulbs and that design complete lighting systems. The business had about 34,000 employees and posted sales of 7.4 billion euros, or about $8.3 billion, in 2015.