2016-12-16

Hot Picks of the Week Dec.12-16

Towards the end of 2016, more mergers and acquisition talks have been concluded. CFIUS opposition against Go Scale Capital acquiring Lumileds for US $3.3 billion earlier in January resulted in the wipe out of US $1.3 billion in company value for the LED chip and component maker. Lumileds parent company Philips Lighting sold the independent legal entity for US $2 billion to Apollo Global Management.
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ams OSRAM and Traxon Lighting Ltd. officially announced the long-term extension of their strategic brand licensing partnership well into the next decade, reinforcing the continued presence of the OSRAM brand in key Asian markets. Several light... READ MORE

Cree LED, a Penguin Solutions brand (Nasdaq: PENG), and Blizzard Lighting LLC (‘Blizzard’) today announced that they have reached a mutually beneficial settlement resolving a patent infringement dispute involving Cree LED’s p... READ MORE