AMS Plans to Complete Osram Transition in 2Q20 - Energy Watch News


AMS Plans to Complete Osram Transition in 2Q20

After AMS started its takeover process for Osram since December 2019 and reported further update that the deal is expected to close in the second quarter of 2020. The Austrian sensor maker is processing its US$1.78 billion rights issues for the takeover and noted that they only require “the receipt of the required regulatory approvals” to completed the acquisition. Meanwhile, AMS has increased its direct shareholding in Osram to 23.4%, aiming to speed up the merge. In addition, in response to the current global COVID-19 pandemic, AMS confirmed its financial expectations for the first quarter 2020 with revenues of US$ 480-520 million and an adjusted operating (EBIT) margin of 19-21%.  https://www.ledinside.com/news/2020/3/ams_osram_2q20_close

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