AMS Ignites Battle for Osram With $4.1 Billion Rival Offer - Energy Watch News


AMS Ignites Battle for Osram With $4.1 Billion Rival Offer

AMS AG re-entered the battle for Osram Licht AG with a 3.7 billion euros ($4.1 billion) offer, days after a major shareholder rejected a lower bid by rivals for the German light and sensor maker. Osram soared as much as 11% Monday, following the weekend approach from AMS that values the target at 38.50 euros a share. That compares with the 35 euros-a-share from private-equity firms Bain Capital and Carlyle Group, thrown into jeopardy last week when top investor, Allianz Global Investors, rejected it as too low. The new offer is in line with an earlier bid that Austrian sensor maker AMS mooted but then withdrew almost a month ago. https://www.bloomberg.com/

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