Bain, Carlyle Near $3.8 Billion Buyout of Germany’s Osram - Energy Watch News


Bain, Carlyle Near $3.8 Billion Buyout of Germany’s Osram

According to Osram, Bain, Carlyle has offered an amount of $39.50 per share for the buyout, which will be approximately $3.8 billion for concluding the investor agreement and to make a public takeover offer. Osram said, “The responsible decision bodies will discuss and decide on this offer shortly.” Osram has been in a challenging time with its transformation goal from a lighting company into a high technology provider. After selling its lighting business LEDVANCE to Chinese MLS in 2017, Osram also announced to cut off luminaires business the year after. The company just reported the sale of Siteco to Stern Steward Capital in the end of June.  https://www.bloomberg.com/news/articles/2019-07-03/osram-gains-on-report-of-buyout-offer-from-bain-carlyle

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