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Bjørn Erik Pedersen
As part of the offer, Osram shares are valued at €38.5 per share, AMS said in a statement. This price is higher than €35 per share proposed by investment funds Bain Capital and Carlyle Group. Osram's main investor, Allianz Global Investor, rejected it last week, considering it too low.
Osram shares jumped 9.5% during the trading session on Monday and reached €34.67 per share, compared with a closing price on Friday at €31.65.
The fight for the takeover of Osram began after several warnings about the company's profit decline and a public dispute with Siemens AG over the strategy.
OSRAM AG is a high-tech German company working in the field of lighting. It was a subsidiary of the Siemens AG concern from 1978 to 2013; Siemens AG owns only 17% of the company at the moment.
source: investing.com
Osram shares jumped 9.5% during the trading session on Monday and reached €34.67 per share, compared with a closing price on Friday at €31.65.
The fight for the takeover of Osram began after several warnings about the company's profit decline and a public dispute with Siemens AG over the strategy.
OSRAM AG is a high-tech German company working in the field of lighting. It was a subsidiary of the Siemens AG concern from 1978 to 2013; Siemens AG owns only 17% of the company at the moment.
source: investing.com
