Philips is launching a share buyback of up to 150 million euros to cover its long-term incentive and employee stock purchase plans. "Philips Launches EUR150M Share Buyback for Employee Options," at 0715 GMT, incorrectly stated in the headline that the share buyback was for stock options. The buyback covers employees' performance shares and share purchases via payroll withholdings.

(END) Dow Jones Newswires

October 30, 2017 07:34 ET (11:34 GMT)

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