AMS Withdraws Takeover Offer to Osram within One Day due to “Insufficient Basis”

Osram announced that it Austrian company ams has approached with the interest of a public takeover of Osram with a value of EUR 38.50 (US$ 43.36) per share. However, right after Osram’s announcement, ams decided to withdraw the offer as the company did not see “sufficient basis” for continually talking with Osram.

According to Osram, ams showed the interest of acquiring Osram by EUR 38.5 per share. The announcement noticed that to support the offer, ams will need a temporary bridge-loan facility of EUR 4.2 billion (US$ 4.73 billion) and a capital increase. Since none of those financial plans have taken place, the Managing Board of OSRAM considered “the probability of this transaction materializing as rather low.”

Soon after Osram’s announcement, ams said that “following an evaluation of recent developments ams does not see a sufficient basis for continuing these discussions with Osram.” The market value of ams is around EUR 3 billion (US$ 3.38 billion), while the current value of Osram is EUR 3.2 billion (US$ 3.6 billion).

Earlier in July, Osram confirmed the takeover plan offered by Bain Capital and the Carlyle Group with a value of EUR 35 (US$ 39.4) per share. The German company soon announced that it will support the public takeover offer. Bain Capital and the Carlyle Group did not comment on the news of ams.

Related reading: 

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

Osram Supports Public Takeover Offer from Bain Capital and The Carlyle Group

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