AMS to Reveal the Result of Osram Takeover after Offer Price Increased

AMS is going to announce the result of Osram’s takeover bid on October 3 after it reported that it is holding 19.99% of all Osram shares on October 1 as a direct shareholding, before the offer expired at midnight.

The sensor maker targeted for a minimum of 62.5% shareholding to win the bid against Bain and Advent. The consortium of Bain Capital and Advent reported their interests of joining the bidding with a better offer on September 26, which pushed AMS to raise its offer price from EUR 38.5 (US$ 42.17) per share to EUR 41 (US$ 44.91) on September 27, making a total amount of EUR 4.5 billion (US$ 4.9 billion) for acquiring Osram.

According to a report of Reuters, if AMS does not acquire more than 30% shares of Osram, the company will have to wait for one year before it launch a new offer. However, AMS has secured about 29% of shares before the deadline, reported LEDs Magazine.

Osram employee representatives did not stay in line with Osram’s supervisory board who suggested the shareholders to accept AMS’ offer as they are concerned with the job loss issue according to the business direction of AMS.

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.

Tokushima, Japan - 6 March 2024: Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series packa... READ MORE

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interested... READ MORE