2019-11-12

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 share...
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