Philips Holding USA Inc. Acquires The Genlyte Group Incorporated for $2.7 Billion
CHICAGO (November 26, 2007) — McDermott Will & Emery announced its representation of The Genlyte Group Incorporated (Nasdaq: GLYT) (Genlyte), in connection with its definitive merger agreement with Philips Holding USA Inc. (Philips), a fully-owned subsidiary of Royal Philips Electronics (AEX: PHI, NYSE: PHG) pursuant to which Genlyte will be acquired in an all-cash transaction for approximately $2.7 billion. Genlyte, a leading manufacturer of lighting fixtures, controls and related products for the commercial, industrial and residential markets.
The McDermott team advising Genlyte was led by Michael Fayhee and John Tamisiea with assistance from Samuel Wales and Ryan Harris.
Genlyte sells lighting and lighting accessory products under the major brand names of Alkco, Allscape, Ardee, Canlyte, Capri/Omega, Carsonite, Chloride Systems, Crescent, D'ac, Day-Brite, Gardco, Guth, Hadco, Hanover Lantern, High-Lites, Hoffmeister, Lam, Ledalite, Lightolier, Lightolier Controls, Lumec, Morlite, Nessen, Quality, Shakespeare Composite Structures, Specialty, Stonco, Strand, Thomas Lighting, Thomas Lighting Canada, Vari-Lite, Vista, and Wide-Lite. For more information about Genlyte please visit http://www.genlyte.com.
McDermott’s M&A Practice Group represents a wide spectrum of publicly and privately held businesses from Global 50 companies to venture backed start-ups, as well as private equity funds and investment banks. As a globally integrated team, our lawyers manage complex transactions with components in multiple jurisdictions throughout the world.
