The industry transfer of mergers and acquisitions bullish, Cree shares soaring more than 15%

PHILPS (Royal Philips ELectronics) 26 issued a press release announced, will be $95.5 per share price ($2 billion 700 million) acquisition of the lighting device manufacturer Genlyte Group, expected PHILPS will thus become the largest lighting products companies in North america. PHILPS also pointed out that the Genlyte Group a wide range of customer level, is expected to accelerate the popularity of energy conservation, environmental lighting technology in North america. PHILPS also pointed out that the acquisition process is expected to be completed in 08 years Q1.

Foreign news reports, the market is expected to PHILPS's light-emitting diode (LED) sales are expected to rise due to mergers and acquisitions Genlyte Group, LED upstream of the grain manufacturer CREE will be a big plus. In addition, The Associated Press reported that American Technology Research pointed out that Cree is the world's leading supplier of LED grains, but also has the industry's best technology.

Cree on the 26 day of the industry transfer, mergers and acquisitions bullish analysts optimistic about its potential incentive and contrarian rose 15.23% to $24.29.

Source: Lean news