Osram: is AMS the lucky one?

Osram has canceled the existing standstill agreement with AMS and signed a cooperation agreement. This allows the Austrian semiconductor group to submit a voluntary public takeover bid. The offer is expected to be at 38.50 EUR in cash per share, i.e. 10% more than from the financial investors Bain Capital and the Carlyle group. However, the condition for the sale is that at least 70% of Osram shareholders sell their securities.

Olaf Berlien, CEO of OSRAM Licht AG, is pleased that his shareholders can now choose between two offers. It is important for him in addition to a secure financing, the preservation of the interests of his employees. The cooperation agreement with AMS therefore stipulates that Munich will become Co-headquarter with global central functions and the name Osram will remain.

The big challenge lies in the fact that an industrial group with almost 4 bn EUR turnover should be taken over by a much smaller company.

The digital business and the consumer business with LED lamps, however, will be sold.

The deal must still be approved by the relevant competition authorities.