1. Royal Philips Electronics NV, the world's largest maker of light bulbs, agreed to buy Color Kinetics Inc. for 592 million euros ($795 million) to extend its market lead in high-power light-emitting diodes, or LEDs. (Color Kinetics had sales of about $65 million last year).
2. It will pay $34 in cash for each Color Kinetics share, 14 percent more than yesterday's closing share price of $29.79. The purchase price is based on an enterprise value of 516 million euros and also includes about 76 million euros of cash on the balance sheet of Color Kinetics.
Revenue can come from finding the right business to buy out
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