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EU Approves Purchase of Respironics, Inc. (RESP) by Royal Philips Electronics N.V. (PHG) for $5.1B


3/5/2008 8:21:30 AM

BRUSSELS, March 5 (Reuters) - Philips won permission from the European Commission on Wednesday to buy U.S. sleep therapy products maker Respironics Inc for $5.1 billion, its largest deal to date in the fast-growing health-care sector.

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