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Electronics Production | June 07, 2007

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.
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