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Austria's AMS says looking forward to discussions with Osram

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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)
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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)

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