Philips' $3.3b sale of LED lighting unit to Asian investors collapses on US govt objections

Philips' $3.3b sale of LED lighting unit to Asian investors collapses on US govt objections

Philips suffered a major setback in plans to dispose of its two big lighting divisions on Friday as a $3.3 billion deal to sell its components business to a consortium of Asian buyers broke down over U.S. national security objections.

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