Daily Management Review

AMS Aims Mid-2020 For Completing Osram Takeover


08/20/2019


AMS to hold shareholders’ meeting on Osram takeover.



Source: flickr.com; (CC BY 2.0)
Source: flickr.com; (CC BY 2.0)
AMS is the “Austrian sensor specialist” which has a goal of wrapping up the “planned takeover” of Osram, a “German lighting group”, within the first six months of 2020, revealed its Chief Executive Officer.
 
Last week, a war over Osram was triggered by the “Swiss-listed group”, as it announced to be ready with “$3.8 billion” payment to buy shares at Osram. The offer came as ten percent more than the previous bidders “finance investors Bain Capital and Carlyle”.
 
Revealing future plans, in a conference call, Alexander Everke informed:
“We plan to hold a shareholder meeting to approve to rights issue in the fourth quarter this year and we expect to close the (Osram) transaction in the first half 2020”.
 
 
References:
reuters.com







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