FILE PHOTO: Logo of lamp manufacturer Osram is pictured during official opening of the company ‘World of light’ showroom in Munich, Germany, October 24, 2017. REUTERS/Michaela Rehle
The Austrian company said on Sunday it was ready to make a cash offer valuing German lighting company Osram (OSRn.DE) at 4.3 billion euros ($4.8 billion), 10% more than Bain Capital and Carlyle (CG.O) have offered.
“We have taken note of Osram’s ad-hoc announcement,” a spokeswoman said, adding that AMS was looking forward to the opportunity to hold discussion.
($1 = 0.8937 euros)
Reporting by Kirsti Knolle; editing by Jason Neely