Osram Accepts $3.8 Billion Offer From Bain and Carlyle - Energy Watch News


Osram Accepts $3.8 Billion Offer From Bain and Carlyle

The price is still 15% lower than its peak this year in February. After Siemens AG spun off the light bulb-making division in 2013, Osram Chief Executive Officer Olaf Berlien began to refocus on higher technology, sparking a bitter and public dispute over strategy. Bain and Carlyle’s purchase of Osram would add to the $51.6 billion in private equity buyouts of European companies announced this year, according to data compiled by Bloomberg. https://finance.yahoo.com/news/osram-accepts-3-8-billion-060956210.html

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