Philips Sell 24 Million Shares of LG Display
On April 4, 2008, LG Display Co. Ltd. (LPL) announced that Royal Philips Electronics NV sold 24 million shares, reducing its equity share to 13.2%, down from 19.91%. Does Philips know something or is the selloff just a part of its long-term strategy to divest itself of high-tech manufacturing? With weak global demand CYQ1′08 expectations [...]
