AMS triggers bidding war for Osram for photonics, sensor ambitions

Osram shares rose as much as 12%, briefly surpassing Bain and Carlyle’s offer of 35 euros a share but remained below AMS’s offer of 38.50 euros. That included a clause under which AMS would not make another takeover attempt on Osram within 12 months. Investors’ unease is reflected in AMS’ share price, which is 30% lower than a year ago. AMS aims to increase the automotive business’s revenue share to 35-40% if the total from 10% currently if it aquires Osram. To streamline production and avoid overcapacity, the Austrian group plans to shift Osram’s LED production from Asia to Germany’s Regensburg.

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