AMS launches takeover offer for Osram Licht

VIENNA (Reuters) - Austrian sensor specialist AMS <AMS.S> <AMS.VI> on Tuesday launched a public bid for much bigger Osram Licht <OSRn.DE> that beats a rival offer for the German lighting group from private equity investors Bain Capital and Carlyle Group <CG.O> by 10%.

AMS announced its 38.50 euros (£34.95) per share offer after German finance watchdog Bafin gave its approval, it said.

The acceptance period runs four weeks from Sept. 3 until Oct. 1, the Austrian group said.

(Reporting by Kirsti Knolle; Editing by Thomas Seythal)