ams makes another bid to buy OSRAM

Osram Opto Semiconductors, GaN, ultrafast laser driver, LiDAR
Sensor supplier ams has launchd a second bid to purchase optical solutions supplier OSRAM, two months after its initial takeover bid fell short. (Osram Opto Semiconductors)

Global sensor supplier ams will launch a new all-cash takeover offer for OSRAM at €41 per share, two months after its initial takeover bid for the optical solutions supplier failed to get enough support.  

In the earlier takeover bid, the minimum shareholder acceptance threshold was set at 62.5%, which was not met. The threshold has been lowered to 55% in the new takeover bid.

"We are pleased to announce the launch of the new takeover offer to acquire OSRAM, delivering on our stated intention," said Alexander Everke, CEO of ams, in a statement. "We are convinced that our Offer will be successful as it provides a highly attractive, fully valued price at a straightforward acceptance threshold. As the pre-eminent OSRAM shareholder at 19.99%, we are furthermore convinced that this Offer is the best available option for OSRAM’s shareholders."

Free Newsletter

Like this article? Subscribe to FierceSensors!

The sensors industry is constantly changing as innovation runs the market’s trends. FierceSensors subscribers rely on our suite of newsletters as their must-read source for the latest news, developments and analysis impacting their world. Register today to get sensors news and updates delivered right to your inbox.

ams desperately wants to add OSRAM to its portfolio. It wants to become a global leader in sensor solutions and photonics with approximately EUR 5 billion of revenue. The acquisition would help ams develop breakthrough optical solutions, help diversify its revenue mix, enhance its manufacturing footprint with clear scale and cost advantages, and leverage the complementary market strengths of both companies.

The financing of the offer has been secured through a EUR 4.4 billion bridge facility fully underwritten by HSBC, UBS and BAML, which will be refinanced through a combination of equity and debt issuances.

Suggested Articles

Researchers at Nvidia think AI will be used to help learn laws of physics to help train machines and vehicles learn how to move and manuever.

Displays are now liberated from rectangular formats; Smart algorithms and inspection and repair technology advances make it easier to design them.

Hyris bCUBE testing device for surface COVID-19 relies on AI to process data