Royal Philips Electronics (The Netherlands; www.news.philips.comc) intends to acquire 50% of LG LCD

Royal Philips Electronics intends to acquire 50% of LG LCD Inc., which is the active-matrix liquid-crystal-display business of LG Electronics (Korea), for approximately $1.6 billion.

July 1, 1999

Royal Philips Electronics intends to acquire 50% of LG LCD Inc., which is the active-matrix liquid-crystal-display business of LG Electronics (Korea), for approximately $1.6 billion.