Osram Backs up AMS' Renewed Takeover Offer

AMS’ new offer for Osram was approved and published last week with an offer price of EUR 41 per share (US$ 45) and a minimum acceptance threshold of 55%. Osram announced today (November 12) that it has concluded a comprehensive business combination agreement with AMS and recommends its shareholders accept the current takeover offer.


With the new offer, AMS lowered the minimum acceptance rate to 55%, providing “more certainty that the offer succeeds,” according to AMS. Currently AMS is the largest shareholder of Osram with its 19.99% of shares.

In the beginning of October when AMS failed the first takeover, Osram was still looking forwards to new bidding offer from Advent and Bain Capital who has indicated to make a more attractive offer to the German company. However, they then abstained from bidding.

Osram now turns to AMS and noted that the two companies have agreed on important points for the integration of Osram into the joint group. The most critical point was that the employees of Osram are protected from merger-related layoffs until the end of 2022 at German locations, according to Olaf Berlien, CEO of Osram, who opposed AMS’s offer previously.

The German company is hoping for a moderate change in revenue in the coming fiscal year 2020 as it has gone through a tough year in 2019. Osram noted that after concluding the business combination agreement, its Supervisory Board and Executive Board recommend the present takeover offer of AMS to the Osram shareholders. They have time until December 5, 2019, to accept the offer. 

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.

Pro9™ LEDs set the new standard for high fidelity (90 & 95 CRI min) LEDs   15% higher efficacy for 90 & 95 CRI LEDs 90 CRI light quality at 80 CRI LPW 95 CRI light quality at 90 CRI LPW Upgrade light quality without sacrific... READ MORE

M53-100   The M53-100, a 400 W 905 nm multi-junction VCSEL array, is an innovative, automotive-qualified product, ideal for short- to long-range flash time-of-flight (ToF) LiDAR solutions in automotive, industrial, and robotics applicatio... READ MORE