Friday, March 27, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Defeated in English Court - Decision Opens Door for Litigation by Millions of British Apple Users
LG G4 Smartphone Coming Late April
BlackBerry Posts Quarterly Profit
AMD Showcases DirectX 12 Performance in new 3DMark API Overhead Feature Test
Facebook Wants To Further Expand Social Networking Experience
New HEVC Patent Pool Launched
Micron and Intel Unveil New 3D NAND Flash Memory
Amazon Cloud Drive Now Offers Unlimited Storage
Active Discussions
how to copy and move data files to dvd-rw
cdrw trouble
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
 Home > News > Consumer Electronics > LG Elec...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, June 23, 2005
LG Electronics Considers LG Philips Share Sale


LG Electronics is considering selling part of its stake in its affiliate LG. Philips LCD Co., sources said Wednesday.

"We are considering selling the stake to repay debts and improve our financial status," an official at LG Electronics said.

"However, the time frame and the scale of the share sale has not yet been decided."

LG Electronics and Royal Philips Electronics NV each hold a 44.5 per cent stake in LG. Philips LCD, the world's second-largest producer of flat screen televisions and computer monitors.

LG Electronics is only expected to sell up to a 14.5 per cent stake as it needs to maintain a 30 per cent ownership to retain LG.Philips LCD under its wing, sources said.

The most likely scenario would be of LG Electronics selling around a 5 to 10 per cent stake, they said.

LG Electronics will be allowed to sell the stake once a one-year lockup period ends in July. The LCD monitor producer went public in July 2004 in South Korea and the United States.


Previous
Next
New Sony WEGA HDTVs        All News        GeForce 7800 Announcements
New Sony WEGA HDTVs     Consumer Electronics News      Shipment of LCD Desktop Monitors Rise 7% in Q1 2005

Get RSS feed Easy Print E-Mail this Message

Related News
LG Display Develops Full HD 3D Monitor Panel
Philips Further Lowers Its Stake in LG Display
LG Samsung Form the World's Largest Display Alliance
LG.Philips LCD Demonstrates TFT-LCDs at FPD International 2006
LG Philips Develops LCD Panel for Next-generation Mobiles
Philips Hits Production Problems on LCD TVs
LG.Philips LCD Demonstrates New Suite of TFT-LCDs at CES 2006
LG. Philips LCD Demos Electronic Paper Using Flexible Stainless Substrate
LG.Philips LCD Demonstrates New Suite of TFT-LCDs at FPD International 2005
Groundbreaking PDP Plant Puts LG in Poll Position
Samsung Electronics, LG Philips LCD to Focus on Small LCD Panel Markets
LG.Philips LCD Signs Supply Agreement With HP

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .