Philips Electronics admits Pie Medical purchase plans as shares surge
This article was originally published in Clinica
Executive Summary
The Amsterdam Stock Exchange is investigating allegations of insider dealing at Pie Medical after a surge in its share price forced the Dutch imaging equipment producer to reveal a possible takeover by Philips Electronics. The announcement also prompted Pie to bring forward publication of its first-half results, which show a sharp rise in net profits and an 11% sales increase.