ams values Osram at 4.6 billion euros with new offer

October 22, 2019 //By Julien Happich
Osram
Austrian sensor maker ams AG announced it intends to make a new offer to acquire Osram, offering Osram shareholders 41 Euro per share for all shares of OSRAM Licht AG. On this basis, Osram will be valued at around 4.6 billion euros (enterprise value).

“Over the past few days, we have had constructive discussions with ams about the conditions for a new takeover bid. The Managing Board welcomes the progress made so far and is confident that both sides can agree on a future-oriented strategic concept," said Olaf Berlien, CEO of Osram.
Osram's Managing Board and Supervisory Board will examine the offer carefully and submit a reasoned opinion. At the beginning of October, ams' first offer failed at the minimum acceptance threshold of 62.5 percent. Subsequently, the Osram Executive Board invited the ams top management to explore possibilities for cooperation within the legal boundaries.

In their reasoned opinion on the first offer, the Managing Board and the majority of the Supervisory Board considered the strategy pursued by ams to be promising in many respects, particularly with regard to the further development of the Opto Semiconductors business unit. By merging with ams, this business unit could benefit from the development of innovative sensor and photonics solutions, and the use of established customer access. At present, ams is Osram's largest single shareholder with a stake of almost 20 percent.

Meanwhile, Advent and Bain Capital have announced that they will abstain from a takeover offer at this time, but will follow the further development closely. The two financial investors had announced a possible offer for Osram at the end of September, but the consortium formally announced it will not conduct any further due diligence.

Osram - www.osram.com

Related articles:

Advent and Bain Capital up their offer to acquire Osram

Osram’s worth under takeover reaches 4 billion euros

Soft markets, bleak outlook: Osram writes red figures

Osram in constructive negotiations with ams


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