Bain Capital and Carlyle Offer US$ 3.8 Billion to Acquire Osram

Osram announced a confirmation of receiving a binding offer from Bain Capital and The Carlyle Group, the US-based private equity firms who have been in talk with the German company for a buyout since the end of 2018.

According to Osram, the inventors have offered an amount of EUR 35 (US$39.5) per share for the buyout, which will be approximately 3.4 billion euro ($3.8 billion) for concluding the investor agreement and to make a public takeover offer. Osram said, “The responsible decision bodies will discuss and decide on this offer shortly.”

Osram has been in a challenging time with its transformation goal from a lighting company into a high technology provider. After selling its lighting business LEDVANCE to Chinese MLS in 2017, Osram also announced to cut off luminaires business the year after. The company just reported the sale of Siteco to Stern Steward Capital in the end of June.

Despite the continuous restructuring, Osram is still facing difficulties of business decline and had cut its profit guidance twice in 2018 and adjusted its annual forecast for fiscal 2019 again in March due to slow growth.

In February, Osram confirmed that it has been in talk with Bain Capital and The Carlyle Group who showed interests to bid Osram, according to reports by Bloomberg and Financial Times in the end of 2018.
 

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Figure 1. Overall concept of face-fit surface-lighting micro-LEDs (FSLED) mask. a. Optical image of the FSLED mask showing uniform surface-lighting. schematic illustration of the FSLED mask. The 2D to 3D transformation procedure b. Difference ... READ MORE

The next generation of high-performance LEDs is now available: the OSCONIQ® C 3030 from ams OSRAM. Engineered for demanding outdoor and stadium lighting applications, this cutting-edge LED series combines exceptional intensity with thermal... READ MORE