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

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