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BREAKING NEWS

AMS launches takeover offer for Osram Licht

AMS launches takeover offer for Osram Licht
FILE PHOTO: A lit bulb by German lighting manufacturer Osram is seen in front of packages with different Osram bulbs in this picture illustration taken September 1, 2019. REUTERS/Andreas Gebert -
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ANDREAS GEBERT(Reuters)
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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)

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