Chinese or bid for another $5 billion 400 million PHILPS lighting sector

The financial sector stocks, according to Bloomberg, GO Scale Capital (Chinese investment institutions jointly launched the Jinsha River venture capital investment fund and oak independent) last month in Holland Royal PHILPS (RoyalPhilipsNV) launched the lighting component department's offer was rejected by the U.S. government, but now the investors are hoping to the second acquisition attempt can have better luck.

The Private Equity Investment Firm, which is not being named, said it was launching an acquisition of another lighting unit at Royal PHILPS. Sources familiar with the matter said that the sale of the sector may bring about 5 billion euros (about $5 billion 400 million) in revenue to Royal PHILPS.

Sources said the Royal PHILPS may not be willing to take risks to negotiate with Chinese bidders, in order to prevent the sale of lighting sector once again blocked. Previously, the Committee on foreign investment in the United States (Committeeon Foreign Investment) rejected the GOScaleCapital of lighting components Department Royal PHILPS's Lumileds launched a $2 billion 800 million takeover offer, and has made it clear that it will likely make block is very important for the United States government technology into the hands of the China mergers and acquisitions.

But the source also added that, unlike LumiLEDs, another responsible for the production of street lights when the end product lighting sector may be considered not so high political sensitivity. In contrast, the Lumileds sector is the main business for the automotive industry to provide LED (light-emitting diode) components and lamps. One of the sources, Royal PHILPS's management is to fight for potential buyers in this sector, the next round of bidding is likely to be launched in April.

Steve Klink, a spokesman for PHILPS, declined to comment on the news, and one of GOScale's representatives declined to comment on SteveKlink.

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