trending Market Intelligence /marketintelligence/en/news-insights/trending/lJvofEeZOUCPT0WeC_JXPg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Austria's Ams succeeds in taking over German lighting group Osram

IFRS 9: Time is Running Out for Insurance Companies to Comply

5 Quant Research Traps to Avoid

S&P Global Market Intelligence

Wind Power by the Numbers: U.S., Canada and Mexico

CUSIP Identifier Requests for New U.S. Corporate Debt Surge in January

Austria's Ams succeeds in taking over German lighting group Osram

Austrian sensor specialist Ams AG said Dec. 6 that it has succeeded in its €41-per-share takeover bid for German lighting company Osram Licht AG, acquiring more than the minimum 55% of Osram shares required for acceptance.

On Sept. 28, Ams revised its all-cash bid to acquire Osram Licht to €41 per share from €38.50 apiece after the latter company received an indicative competing offer from Advent International Corp. and Bain Capital LP. But the deal failed after Ams could not achieve the 62.5% threshold by Oct. 1 deadline.

After the necessary acceptance rate was reduced to 55%, Ams was able to pass the threshold for its €4.6 billion takeover of Osram in the second attempt, Reuters reported.

"We look forward to creating a European based global leader in sensor solutions and photonics through the combination of [Ams] and [Osram]," Ams CEO Alexander Everke said.

The Austrian company said an additional acceptance period will run Dec. 11-24. The transaction is expected to close in the first half of 2020.