Electronics Production |
Toshiba wants to buy out<br>Philips from LG.Philips LCD
Toshiba plans to buy out Royal Philips Electronics' 14% share in LG.Philips LCD.
Toshiba is willing to pay US$1 billion for the shares, sources at a Toshiba China branch office representative told Sina.com. Toshiba earlier bought 19.9% of the shares of the Poland-based LCD module (LCM) plant from LG.Philips LCD.