trending Market Intelligence /marketintelligence/en/news-insights/trending/CPoNWskAiHXJdWOz8XGFqg2 content esgSubNav
In This List

Ams bid for Osram fails; Osram to move ahead independently

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Ams bid for Osram fails; Osram to move ahead independently

German lighting company Osram Licht AG said Oct. 4 that it will chart its own future independently following the failure of recent takeover attempts.

Austrian sensor specialist Ams AG had offered to acquire 100% of Osram shares for €41 apiece, up from an original bid of €38.50 apiece. That offer expired Oct. 1, with Ams receiving only 51.6% acceptance, below the minimum threshold of 62.5%.

Ams has acquired 19.99% of Osram shares, making it the company's largest shareholder. Ams said Oct. 4 that it continues to see a combination of the companies as "strategically compelling" and that it will continue to explore strategic options to pursue the acquisition of Osram.

Osram CEO Olaf Berlien said the Ams bid "clearly shows the value attached to our company, even in the current difficult economic environment." Osram said it will engage in discussions with Ams regarding a mutually beneficial collaboration.

Berlien also said that Advent International Corp. and Bain Capital LP, which have been reported to be considering making a offer, are "inspecting the books with a view to submitting an offer for Osram."

Osram will announce an update on its new strategic plan Nov. 12.