Flexible Electronics News

Ad-hoc: Osram Confirms Receipt of Offer Proposal from ams AG, Decides to Start Negotiations

ams intends to offer a price of €38.50 per Osram share in cash, valuing Osram at €4.3 billion.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

The Managing Board of Osram Licht AG confirms that ams AG (ams) has submitted a proposal to Osram for a voluntary public takeover offer for all outstanding Osram shares. For this purpose, ams has submitted a documentation about a bridge financing of €4.2 billion by HSBC and UBS. Part of this bridge loan shall later be refinanced by a capital increase at ams.    The two investment banks have committed €1.5 billion euros for this purpose. ams intends to offer a price of €38.50 per Osram share in c...

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