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BREAKING NEWS

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

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 -
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Michaela Rehle(Reuters)
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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.

(Reporting by Kanishka Singh in Bengaluru; Editing by Keith Weir)

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