Osram and AMS say takeover talks are constructive
Reuters
Published Aug 14, 2019 02:42PM ET
Osram and AMS say takeover talks are constructive
FRANKFURT (Reuters) - Osram (DE:OSRn) and AMS (S:AMS) said on Wednesday that talks about a takeover of the German lighting group by the Austrian sensor maker were progressing.
Earlier this week, Osram said it would consider a takeover by AMS that trumps a competing bid by Bain and Carlyle (O:CG) with a cash offer valuing it at 4.3 billion euros ($4.79 billion).
Osram on Wednesday called the negotiations "constructive", while AMS said talks were "moving ahead in good faith".
Both companies said that they aim to start the tender period for the offer before the end of Sept. 5.
"Osram and AMS have held constructive discussions on a business combination agreement and on other topics since Tuesday and will continue to do so," Osram said in a statement.
It said that its management and supervisory boards would review the agreement "in the near term" and decide whether to proceed by lifting a standstill agreement.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.