Osram Board Support AMS Offer while Union against the Takeover

After AMS confirmed the takeover offer of Osram, the German lighting company is facing internal conflicts regarding the acquisition.

The Austrian sensor company published a public takeover offer of EUR 38.50 per share to acquire Osram. The German company announced yesterday (September 16) that its Executive Board and the majority of its Supervisory Board recommended the shareholders to accept the offer from “a financial point of view.”

However, employee representatives of Osram oppose the takeover offer with the concern of potential job losses as AMS aims to get rid of the lighting business and focus on sensing solutions for automotive applications and other advanced photonics technologies.

According to a report of Reuters, AMS already has potential buyers for Osram’s digital business which focus on smart lighting applications. CEO of AMS said that no Chinese firms are listed in the interested parties.

On the other hand, regardless of the financial attractiveness of the offer, Osram said its Executive Board and the Supervisory Board continue to have concerns for the transformation of Osram from a vertically integrated lighting expert to a high-tech photonics player. In addition, the two companies are also coordinating further strategy, in particular with regard to the alignment of the businesses, the global location strategy, the synergy potential and the integration concept.

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