Ellis and Solomon Yan to Regain Control of TCP; Merger Announced

TCP International Holdings, Ltd. (TCP) today announced that it has entered into a definitive merger agreement pursuant to which, and subject to the terms and conditions set forth therein, a group controlled by Ellis Yan and Solomon Yan will acquire

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Philips Spins Off Lighting Components Businesses

Philips is to merge its lighting components businesses into a separate unit worth up to 2 billion euros ($2.7 billion) which may be listed – a major step in its ongoing strategy to refocus on healthcare and high-end lighting systems.

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