PARIS (Standard&Poor's CreditWire) Nov. 15, 2000--Following the recent bid by Dutch diversified electronics group Koninklijke Philips Electronics N.V. (Philips) to acquire medical-equipment manufacturer ADAC Laboratories Inc. for approximately $426 million in cash, Standard&Poor's today affirmed Philips' single-'A'-minus long-term corporate credit and senior unsecured debt ratings. The outlook remains stable. Philips has offered to acquire all of ADAC Laboratories' common stock for $18.50 per share in cash, subject to obtaining at least 90% of the company's outstanding capital. If Philips is able to acquire more than 50%, but fewer than 90%, of the shares, it may reduce the percentage of shares subject to the offer to 49.9% and subsequently merge with ADAC Laboratories. The acquisition would strengthen
