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Europe Daily Bulletin No. 7724

25 May 2000
Contents Publication in full By article 40 / 63
ECONOMIC INTERPENETRATION / (eu) electronics

The Dutch group PHILIPS will be paying USD 1.2 billion for 60% of the American firm MEDQUIST (annual turnover of USD 330 million), specialised in medical data transcription. PHILIPS will pay USD 51 dollars in cash for every ordinary MEDQUIST share. The two partners have also signed a licensing agreement for the joint development of voice recognition technologies.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
SUPPLEMENT