Philips CEO: $1Bil Acquisition of Volcano Is Great

Philips CEO: $1Bil Acquisition of Volcano Is Great

Assessment

Interactive Video

Business, Health Sciences, Biology

University

Hard

Created by

Quizizz Content

FREE Resource

Philips CEO Frans van Outen discusses the company's recent acquisition and the impact of the Russia crisis. Despite challenges in Russia, Philips sees growth opportunities in minimally invasive therapies and plans to separate into two standalone companies focusing on health technology and lighting solutions. The acquisition strategy aims to enhance productivity in healthcare systems. Philips is confident in its offer for Volcano, expecting shareholder approval due to the synergies and fair pricing.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary reason Philips is pursuing the acquisition discussed in the first section?

To increase its market share in Russia

To address the growing demand for minimally invasive medical technologies

To diversify into new industries

To expand its lighting solutions business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategic decision did Philips announce at their Capital Markets Day?

To separate into two standalone companies

To merge with another major tech company

To focus solely on lighting solutions

To exit the Russian market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected benefit of Philips' strategic separation?

Increased market share in Russia

Better capital market access and growth

Reduction in operational costs

Expansion into new geographical markets

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Philips plan to convince Volcano's shareholders to accept their offer?

By offering shares in Philips' lighting solutions company

By reducing the acquisition price

By promising to maintain the current management team

By offering a higher premium than the current share price

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What challenge did Volcano face earlier in the year that affected its share price?

A decline in the global economy

Pressure from activist investors

A stagnation in growth

A major product recall