Austria’s AMS says looking forward to discussions with Osram

Business

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

VIENNA (Reuters) – Sensor specialist AMS (AMS.S) (AMS.VI) on Tuesday said it took note of Osram’s willingness to discuss a takeover and was looking forward to discussions.

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

Products You May Like

Articles You May Like

Manston migrant processing centre now empty after earlier overcrowding
Dress Code: Squire
Councils paying millions more for temporary accommodation in social housing shortage
Kris Jenner Shades Tristan Thompson While Discussing Baby Names
This Wearable Is Medically Proven To Boost Your Sex Life: Struggling with ED? Time To Meet Eddie…

Leave a Reply

Your email address will not be published.