AMS Launches New Takeover Offer to Osram with Same Price and Lower Acceptance Rate

AMS re-approached Osram with a new bidding offer launched on October 18. With the new offer, the Austrian company aims to acquire Osram with a price of EUR 41 (US$ 46) per share with the minimum acceptance rate of 55%.

The sensor maker failed the first attempt to takeover Osram in the beginning of October as it did not reach the minimum acceptance threshold of 62.5%. Within two weeks, AMS keeps its words of continuing the acquisition plan and proposed the new offer with the same price of EUR 41 per share but a lower acceptance rate of 55%. The offer values Osram with EUR 4.6 billion (US$ 5.13).

AMS is currently the largest shareholder in Osram with 19.99% shareholding and shows a strong ambition to include Osarm for deepening sensing and photonics technology in automotive section.

At the same time, Osram also looks forwards to the possible offer by Advent and Bain Capital, who revealed the interest of taking over Osram by the end of September. However, Osram indicated that the consortium “does not currently see a successful path going forward and thus will not conduct any further due diligence.”

Despite that AMS holds a strong belief that its offer is attractive financially and strategically, Osram’s labor representatives still oppose the offer and noted that the financial risks are exacerbated with the new offer, according to a report of Reuters.

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