A woman walks in the headquarters of lamp manufacturer Osram in Munich, Germany February 26, 2014. REUTERS/Michaela Rehle/File Photo
August 12, 2019
VIENNA (Reuters) – Austrian sensor specialist AMS <AMS.S> aims to wrap up its planned takeover of German lighting group Osram <OSRn.DE> in the first half next year, its chief executive said on Monday.
The Swiss-listed group on Sunday triggered a bidding war for Osram, saying it was ready to pay $3.8 billion for Osram’s shares, 10% more than finance investors Bain Capital and Carlyle <CG.O> have already offered.
“We plan to hold a shareholder meeting to approve to rights issue in the fourth quarter this year and we expect to close the (Osram) transaction in the first half 2020,” Alexander Everke said in a conference call.
(Reporting by Kirsti Knolle; Editing by Edward Taylor)
