Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Austria's AMS says looking forward to discussions with Osram

Austria's AMS says looking forward to discussions with 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)
Euronews logo
Text size Aa Aa

VIENNA (Reuters) – Sensor specialist AMS <AMS.S> <AMS.VI> on Tuesday said it took note of Osram’s willingness to discuss a takeover and was looking forward to discussions.

The Austrian company said on Sunday it was ready to make a cash offer valuing German lighting company Osram <OSRn.DE> at 4.3 billion euros (£3.9 billion), 10% more than Bain Capital and Carlyle <CG.O> have offered.

“We have taken note of Osram’s ad-hoc announcement,” a spokeswoman said, adding that AMS was looking forward to the opportunity to hold discussion.

(Reporting by Kirsti Knolle; editing by Jason Neely)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.