Apple supplier AMS makes 38.50 euros per share takeover offer for Germany's Osram

FILE PHOTO: Logo of lamp manufacturer Osram is pictured during official opening of the company 'World of light' showroom in Munich, Germany, October 24, 2017. REUTERS/Michaela Rehle/File Photo - Copyright Michaela Rehle(Reuters)

By Reuters

Published on 11/08/2019 - 23:04•Updated 26/04/2024 - 09:51

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(Reuters) - Apple supplier AMS AG <AMS.VI> <AMS.S> said it has made an all-cash takeover offer for German lighting group Osram Licht AG <OSRn.DE> at an offer price of 38.5 euros per share.

The offer values the German company at an enterprise value of 4.3 billion euros (4 billion pounds), AMS said on Sunday.