AMS holds 19% in takeover target Osram
Reuters
Published Sep 30, 2019 13:54
AMS holds 19% in takeover target Osram
VIENNA (Reuters) - Austrian sensor specialist AMS (S:AMS) (VI:AMS) held 18.56% of Osram (DE:OSRn) shares on Friday, still far away from the 62.5% threshold it has set for a successful takeover in a bidding war with private equity groups for the German lighting group.
AMS increased its offer for Osram to 41 euros per share on Friday after investors Bain and Advent had said they planned to trump the Austrian group's initial bid of 38.50 euros a share.
The acceptance period is set to expire on Tuesday, but it might take the end of the week to find out whether AMS managed to convince enough shareholders.
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Written By: Reuters
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