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ams announced a takeover offer of €38.50 per share.
August 22, 2019
By: Anthony Locicero
Copy editor, New York Post
The Managing Board and Supervisory Board of Osram waived the existing standstill agreement with ams and signed a cooperation agreement. This clears the way for a voluntary public takeover offer by ams AG. The offer, which is expected to be valid until the beginning of October, amounts to €38.50 in cash per share, with a minimum acceptance level of 70%. “Our shareholders now have two offers on the table, allowing them to choose between the different business concepts,” said Olaf Berlien, CEO of...
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