Royal Philips NV agreed in December to sell an 80% stake in its lighting-components and automotive-lighting business to private-equity firm Apollo Global Management LLC for $1.5 billion, after U.S. regulators blocked an earlier deal with a Chinese investor. A Page One article published Thursday about General Electric Co. looking to sell its lighting business incorrectly said Philips decided on a stock-market listing for the business after regulators blocked the Chinese deal.

Google's IPO was priced at $85 and the shares now change hands for about $850 apiece, after they were split roughly 2-for-1 in 2014. A Page One article Friday about Spotify's plans to go public failed to mention the split in noting the share-price gain of Google, which is now part of Alphabet Inc.

 

(END) Dow Jones Newswires

April 10, 2017 02:47 ET (06:47 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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