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James Mullins, Partner and Head of Buy-out Solutions at Hymans Robertson, who advised Philips PLC during their path to buy-out said that: |
“Philips started their successful full buy-out process with an initial £484m buy-in in August 2013. This innovative approach allowed the scheme to put in place the governance needed to quickly capture future buy-in pricing opportunities. This sent a strong signal to insurers of Philips’ seriousness to complete successive buy-in transactions on its road to a full buy-out. |
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