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Published: 09:56 28.11.2006 GMT+1 /HUGIN /Source: RHJ International SA /BXS: RHJ /ISIN: BE0003815322
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). |
| DISCLAIMER This announcement does not constitute an offer or invitation to purchase any securities. |
| FORWARD-LOOKING STATEMENTS 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 : Arnaud DENIS Investor Relations Manager RHJ International e-mail : adenis@rhji.com |
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