Onex among PE bidders for Philips lighting unit: Reuters

Dutch electronics group Philips has attracted bids from several private equity groups for the majority of its lighting components business, up for sale as it focuses on higher-margin activities, several sources told Reuters. Buyout groups including Bain, CVC, CD&R, KKR and Canada's Onex Corp handed in offers earlier this week valuing the business at between 2.5 billion euros (US$3.1 billion) and 3 billion, the sources said.

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