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D&M Holdings Inc. to Acquire Philips Sound Solutions, Expanding OEM Automotive and Consumer Businesses
Brussels - November 28, 2006 - RHJ International (the "Company"), a limited liability company organized under the laws of Belgium, having its registered office at Avenue Louise 326, 1050 Brussels, announces, today, that D&M Holdings Inc. has signed a definitive agreement to acquire Philips Sound Solutions (PSS) of Royal Philips Electronics (NYSE:PHG, AEX:PHI).
A translation in English of the announcement published by D&M Holdings Inc. in Tokyo on November 28, 2006, is attached.
D&M Holdings Inc. (http://www.dm-holdings.com" class="hugin">www.dm-holdings.com) is one of the current seven portfolio companies of the Company. D&M Holdings Inc. manufactures markets and sells premium audio-visual systems and components and digital entertainment home networking products for home and professional use. D&M Holdings Inc. markets these products under its brand names Denon, Marantz, McIntosh Laboratory, Boston Acoustics, Snell Acoustics, D&M Professional, Denon DJ, Replay TV®, Rio® and Escient®.
D&M Holdings Inc. is listed on the second section of the Tokyo Stock Exchange under the ticker 6735.
The Company currently holds approximately 51.3% of D&M Holdings Inc.'s issued and outstanding shares (not including the exercise of any stock acquisition rights).
This announcement does not constitute an offer or invitation to purchase any securities.
The attached announcement contains forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These statements are based on the current plans, estimates and projections of D&M Holdings Inc. as well as on its expectations of external conditions and events. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Neither the Company nor D&M Holdings Inc. undertake to update any of the statements in light of new information or future events, except to the extent required by applicable law.
For further information, please contact :
Investor Relations Manager
e-mail : email@example.com
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