Sensor maker ams once again changed its mind for the Osram takeover plan. The company said on July 23rd that decided to re-evaluate a potential transaction with Osram after ams talked with its potential financial partners.

ams reported last week that it did not see “sufficient basis” for continuous talking with Osram one day after the German company announced in public ams’ takeover approach. ams has proposed an offer of EUR 38.5 (US$42.9) per share for acquiring Osram. However, the Austrian company now said that after discussion with potential financial partners, it will reconsider the transaction with Osram with the belief that ams “can arrange prudent and committed financing for this potential transaction.”

Osram also announced confirmation and support of the offer by Bain Capital and the Carlyle Group with the amount of EUR 35 (US$40) per share earlier in July.

ams’s revenues of 2Q19 grew 8% QoQ and 72% YoY to US$415.2 million and its adjusted gross margin came to 37%. The company offers comprehensive product portfolio for VCSEL-based 3D sensing solution including structured light (SL), time-of-flight (ToF), and active stereo vision (ASV) for growing applications.

The company aims to extend its automotive business as well. It has teamed up with tier 1 system supplier ZF and technology partner IBEO for VCSEL illumination in solid-state 3D LiDAR. A Financial Time report pointed out that the plan to take over Osram marked ams’ focus on extending its automotive sector.

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AMS Withdraws Takeover Offer to Osram within One Day due to “Insufficient Basis”