Philips CEO: $1Bil Acquisition of Volcano Is Great

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.

How does the CEO describe the current situation in Russia?

What are the main reasons for Philips' recent acquisition?

What benefits does the CEO see from minimally invasive surgery?

What is the strategic plan for Philips in the next 1 to 1.5 years?

What is the expected response to the tender offer for Volcano shares?