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.