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Osram Licht AG (OSRn.DE)

OSRn.DE on Xetra

38.50EUR
6 Dec 2019
Change (% chg)

€0.15 (+0.39%)
Prev Close
€38.35
Open
€38.38
Day's High
€38.89
Day's Low
€37.99
Volume
432,638
Avg. Vol
917,476
52-wk High
€41.30
52-wk Low
€24.60

Latest Key Developments (Source: Significant Developments)

Ams AG Says now holds 14.69% Of All Osram Shares As A Direct Shareholding
Friday, 27 Sep 2019 

Sept 27 (Reuters) - ams AG ::AMS AG -NOW HOLDS 14.69% OF ALL OSRAM SHARES AS A DIRECT SHAREHOLDING.AMS AG - CONTINUES TO URGE ALL REMAINING OSRAM SHAREHOLDERS TO TENDER THEIR SHARES PRIOR TO 1 OCT TO ENSURE THEY CAPITALISE ON "SUPERIOR OFFER".  Full Article

AMS evaluating situation on Osram after Bain partners with Advent
Wednesday, 25 Sep 2019 

Sept 25 (Reuters) - AMS AG AMS.S::AMS SAYS WE ARE EVALUATING THE NEW SITUATION AFTER OSRAM SAYS BAIN AND ADVENT PREPARED TO MAKE TAKEOVER OFFER FOR IT.  Full Article

Osram Licht AG Osram Confirms Receipt Of An Offer Proposal From AMS AG And Decides To Start Negotiations
Monday, 12 Aug 2019 

Aug 12 (Reuters) - Osram Licht AG ::DGAP-ADHOC: OSRAM CONFIRMS RECEIPT OF AN OFFER PROPOSAL FROM AMS AG AND DECIDES TO START NEGOTIATIONS.OSRAM CONFIRMS RECEIPT OF AN OFFER PROPOSAL FROM AMS AG AND DECIDES TO START NEGOTIATIONS.OSRAM HAS DECIDED TO ENTER INTO NEGOTIATIONS WITH AMS REGARDING CONCLUSION OF A BUSINESS COMBINATION AGREEMENT.AT SAME TIME, DOCUMENTATION SUBMITTED WILL BE FURTHER REVIEWED.IN ADDITION, MANAGING BOARD ATTACHES GREAT IMPORTANCE TO APPROPRIATE PROTECTION COMMITMENTS FOR ALL KEY STAKEHOLDERS, IN PARTICULAR COMPANY'S EMPLOYEES.  Full Article

AMS Says Submitted Proposal To Osram For Takeover Offer At EUR 38.50 Per Share
Monday, 12 Aug 2019 

Aug 11 (Reuters) - Ams Ag ::AMS SUBMITTED A PROPOSAL TO OSRAM FOR A TAKEOVER OFFER AT A PRICE OF EUR 38.50 PER SHARE.DEAL HAS COST AND REVENUE SYNERGIES WITH AN EXPECTED ANNUAL PRE-TAX RUN-RATE IN EXCESS OF EUR300 MILLION.OFFER PRICE OF EUR38.50 REFLECTS PREMIUM OF 33% TO UNDISTURBED OSRAM SHARE PRICE.DEAL EXPECTED TO BE ACCRETIVE TO AMS' EPS FROM 1ST YEAR POST COMPLETION; RETURNS EXPECTED TO EXCEED AMS' COST OF CAPITAL FROM 2ND YEAR POST COMPLETION.EUR 4.2 BILLION COMMITTED BRIDGE FACILITY, EUR 1.5 BILLION UNDERWRITTEN EQUITY ISSUANCE.AMS HAS REQUESTED OSRAM TO WAIVE STANDSTILL AGREEMENT TO ENABLE LAUNCH OF A TAKEOVER OFFER WHICH IS "ATTRACTIVE" FOR ALL STAKEHOLDERS.DEAL RESULTS IN SIGNIFICANT VALUE CREATION FROM COST AND REVENUE SYNERGIES WITH AN EXPECTED ANNUAL PRE-TAX RUN- RATE IN EXCESS OF EUR240 MILLION AND EUR60 MILLION.IN ORDER TO REALISE THESE SYNERGIES, AMS EXPECTS TO INCUR ONE-OFF INTEGRATION COSTS OF APPROX. EUR400 MILLION.EXPECTED COGS SYNERGIES OF MORE THAN EUR120 MILLION, PRIMARILY RELATE TO CONSOLIDATION OF COMBINED GLOBAL MANUFACTURING FOOTPRINT.IN LONGER TERM, AMS ANTICIPATES SIGNIFICANT ADDITIONAL REVENUE SYNERGIES FROM ACCELERATING ROADMAPS IN NEW OPTICAL SOLUTION AND PHOTONIC AREAS.TRANSACTION VALUES OSRAM AT AN ENTERPRISE VALUE OF EUR4.3 BILLION.CO INTENDS TO RAISE EUR1.5 BILLION (ISSUE CURRENCY CHF) OF NEW EQUITY WHICH HAS BEEN FULLY UNDERWRITTEN BY HSBC AND UBS.  Full Article

Osram Licht Reports Q3 Net Loss Of 35 Mln Eur
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Osram Licht AG ::CONFIRMS ANNUAL FORECAST.ECONOMIC DEVELOPMENTS FOR OUR MARKETS BEYOND CURRENT YEAR CANNOT BE PREDICTED WITH ANY CERTAINTY AT PRESENT.FISCAL Q3 SHOWED NO SIGNS OF BUSINESS REVIVAL.Q3 REVENUES 850 MILLION EUR.Q3 NET LOSS 35 MILLION EUR.Q3 EBITDA 42 MILLION EUR.Q3 ADJUSTED EBITDA MARGIN 6.8%.  Full Article

Osram Licht Recommends Offer From Bain, Carlyle
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Osram Licht AG ::MANAGING BOARD AND SUPERVISORY BOARD RECOMMEND OFFER FROM BAIN AND CARLYLE.OFFER PRICE OF 35 EUROS PER SHARE IN CASH REPRESENTS AN APPROPRIATE AND FAIR VALUATION OF THE COMPANY.OFFER IS ATTRACTIVE FOR THE COMPANY, ITS EMPLOYEES AND ITS SHAREHOLDERS.  Full Article

AMS Says Osram Takeover Would Enable Additional Growth Opportunities
Tuesday, 23 Jul 2019 

July 23 (Reuters) - Ams Ag AMS.S::CEO SAYS OSRAM TAKEOVER WOULD ENABLE ADDITIONAL GROWTH OPPORTUNITIES.  Full Article

Osram CEO Says No Plan B If Minimum Acceptance Threshold For Takeover Is Not Met
Friday, 5 Jul 2019 

July 5 (Reuters) - Osram Licht AG ::OSRAM CEO SAYS THERE IS NO SIGNS THAT THE SUPERVISORY BOARD WANTS CHANGES IN MANAGEMENT BOARD.OSRAM CEO SAYS WE DO NOT HAVE A PLAN B IF MINIMUM ACCEPTANCE THRESHOLD FOR TAKEOVER IS NOT MET.OSRAM CEO SAYS THE LIKELIHOOD OF ANOTHER TAKEOVER OFFER BY A COMPETING BIDDER IS RATHER LOW BECAUSE THERE WAS NONE IN THE LAST MONTHS.  Full Article

Osram to consider 35 euro/shr takeover offer from Bain, Carlyle
Wednesday, 3 Jul 2019 

July 3 (Reuters) - Osram Licht AG ::CONFIRMS RECEIPT OF A BINDING TAKEOVER OFFER.BAIN CAPITAL AND CARLYLE GROUP OFFER 35 EUROS/SHARE.RESPONSIBLE DECISION BODIES WILL REVIEW AND DECIDE ON THIS OFFER SHORTLY.  Full Article

Osram Denies Media Report On Skeptical Takeover Investors
Thursday, 18 Apr 2019 

April 18 (Reuters) - Osram Licht OSRN.DE Spokesman::I CANNOT CONFIRM MEDIA REPORT THAT POTENTIAL TAKEOVER INVESTORS ARE GETTING SKEPTICAL.SPOKESMAN SAYS WE ARE IN GOOD TALKS WITH BAIN AND CARLYLE, THIS HAS NOT CHANGED.  Full Article

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Breakingviews - Germany’s takeover rules are more S&M than M&A

LONDON (Reuters Breakingviews) - In takeovers, minority investors are often treated like the slaves of their acquiring masters. Not in Germany. M&A rules in Europe’s biggest economy, centred around ominously named “domination agreements”, indeed feature a strong hint of masochism. But as Austrian chipmaker AMS may soon discover in its 4.5 billion euro quest to snare Munich-based Osram Licht, it’s normally the bidder which ends up enduring the pain.