UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Koninklijke Philips Electronics N.V. |
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(Translation of registrants name into English) | ||||
The Netherlands | ||||
(Jurisdiction of incorporation or organization) | ||||
Breitner Center, Amstelplein 2, 1096 BC Amsterdam, The Netherlands | ||||
(Address of principal executive office) |
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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: [x] Form 20-F [ ] Form 40-F | ||||
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ] | ||||
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Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: [ ] Yes [x] No | ||||
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a |
This report comprises a copy of the following press release: - “Philips responds to ‘mini-tender’ offer by TRC Capital”, dated February 3, 2012.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |
Koninklijke Philips Electronics N.V. | ||
Date: February 6, 2012 | By: |
/s/ E.P. Coutinho |
Name: | E.P. Coutinho | |
Title: | General Secretary | |
Exhibit No. | Description | |
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99 | Press release | |
Philips responds to mini-tender offer by TRC Capital
February 3, 2012
Amsterdam, the Netherlands Royal Philips Electronics (NYSE:PHG, AEX:PHI) today announced that it
has been notified of an unsolicited mini-tender offer by TRC Capital Corporation to purchase up
to 4 million New York Registry Shares, or approximately 0.5 percent of Philips total outstanding
share capital, at a price of $19.25 per share in cash. The offer is 4.7 percent below the closing
price of Philips New York Registry Shares of $20.20 on the New York Stock Exchange on January 25,
the day prior to the commencement of the offer.
Philips wishes to inform its shareholders that it does not recommend or endorse TRCs mini-tender offer in any way. Philips is not associated with this offer or TRC and urges shareholders to obtain current market quotations for their shares, review the conditions to the offer and exercise caution.
Mini-tender offers are designed to seek to acquire less than five percent of a companys outstanding shares and avoiding many disclosure and procedural requirements of the U.S. Securities and Exchange Commission (SEC). As a result, mini-tender offers do not provide investors with the same level of protections as provided by larger tender offers under U.S. securities laws.
The SEC has cautioned investors about mini-tender offers, stating that some bidders make mini-tender offers at below-market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price. Investor Tips from the SEC regarding mini-tender offers can be found on the SECs website at www.sec.gov/investor/pubs/minitend.htm.
For further information, please contact:
Joost Akkermans
Corporate Communications
Tel: +31 20 5977 406
E-mail: joost.akkermans@philips.com
Steve Klink
Corporate Communications
Tel: +31 20 5977 415
E-mail: steve.klink@philips.com
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and
well-being company, focused on improving peoples lives through timely innovations. As a world
leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into
people-centric solutions, based on fundamental customer insights and the brand promise of sense
and simplicity. Headquartered in the Netherlands, Philips employs approximately 122,000 employees
with sales and services in more than 100 countries worldwide. With sales of EUR 22.6 billion in
2011, the company is a market leader in cardiac care, acute care and home healthcare, energy
efficient lighting solutions and new lighting applications, as well as lifestyle products for
personal well-being and pleasure with strong leadership positions in male shaving and grooming,
portable entertainment and oral healthcare. News from Philips is located at
www.philips.com/newscenter.