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Osram Licht AG (OSRn.DE)

OSRn.DE on Xetra

35.05EUR
2:27pm IST
Change (% chg)

€-0.05 (-0.14%)
Prev Close
€35.10
Open
€35.15
Day's High
€35.15
Day's Low
€35.02
Volume
40,620
Avg. Vol
1,075,155
52-wk High
€41.92
52-wk Low
€24.60

Latest Key Developments (Source: Significant Developments)

Osram Licht Invests In Autonomous Driving AI Start-Up Recogni
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - OSRAM LICHT AG ::INVESTS IN AUTONOMOUS DRIVING AI START-UP RECOGNI.RECOGNI SUCCESSFULLY RAISES ITS FINANCING ROUND WITH A VOLUME OF $25 MILLION.  Full Article

Osram Sees Improvement In Chinese Autos Market
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Osram Licht AG CEO in call::SAYS ON AUTOMOTIVE SECTOR, WE HAVE SEEN IMPROVEMENT OF BUSINESS IN CHINA.  Full Article

German Union IG Metall: We Find AMS Takeover Offer For Osram Unconvincing
Wednesday, 24 Jul 2019 

July 24 (Reuters) - German union IG Metall on AMS takeover offer for Osram::WE FIND THE OFFER UNCONVINCING.WE WILL NOT ALLOW SUCH A HOSTILE APPROACH.  Full Article

Luz C-BC Bidco: Acceptance Period Of Voluntary Takeover Offer For Osram Licht Starts
Monday, 22 Jul 2019 

July 22 (Reuters) - LUZ C-BC BIDCO::ACCEPTANCE PERIOD OF THE VOLUNTARY TAKEOVER OFFER FOR OSRAM LICHT AG COMMENCES.LUZ BIDCO - ACCEPTANCE PERIOD RUNS ALMOST SEVEN WEEKS FROM 22 JULY 2019 TO 5 SEPTEMBER 2019.LUZ BIDCO - OFFER PRICE OF EUR 35.00 PER SHARE IN CASH.  Full Article

AMS says does Not See Sufficient Basis For Continuing Deal Discussions With Osram Licht AG
Tuesday, 16 Jul 2019 

July 15 (Reuters) - ams AG ::EANS-ADHOC: AMS AG / AMS STATEMENT WITH REGARDS TO RECENT PUBLICATION BY OSR ....AMS AG SAYS AMS CONFIRMS THAT IT HAS BEEN ENGAGED IN DISCUSSIONS WITH OSRAM LICHT AG REGARDING A POTENTIAL TRANSACTION.AMS AG - FOLLOWING AN EVALUATION OF RECENT DEVELOPMENTS AMS DOES NOT SEE A SUFFICIENT BASIS FOR CONTINUING THESE DISCUSSIONS WITH OSRAM LICHT AG.  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 Licht Supports Public Takeover Offer From Bain Capital And Carlyle Group
Friday, 5 Jul 2019 

July 4 (Reuters) - Osram Licht AG ::DGAP-NEWS: OSRAM SUPPORTS PUBLIC TAKEOVER OFFER FROM BAIN CAPITAL AND THE CARLYLE GROUP.OSRAM SUPPORTS PUBLIC TAKEOVER OFFER FROM BAIN CAPITAL AND CARLYLE GROUP.MANAGING BOARD AND SUPERVISORY BOARD HAVE DECIDED TO SUPPORT THIS OFFER.VOLUNTARY PUBLIC TAKEOVER OFFER FOR PRICE OF 35 EUROS PER SHARE.INVESTOR AGREEMENT SUPPORTS STRATEGY AND GROWTH.EXTENSIVE COMMITMENTS TO EMPLOYEES AND LOCATIONS.CORPORATE HEADQUARTERS TO REMAIN IN MUNICH; PATENTS AND BRAND SAFEGUARDED.  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 says discontinues share buyback program
Tuesday, 14 May 2019 

May 14 (Reuters) - Osram Licht AG says::DISCONTINUES SHARE BUYBACK PROGRAM.DECISION WAS TAKEN AGAINST BACKGROUND OF COMPREHENSIVE MEASURES TO INCREASE OPERATIONAL EFFICIENCY AND TO TIGHTEN ADMINISTRATION AND SALES STRUCTURES, WHICH ARE BEING IMPLEMENTED DUE TO CURRENTLY WEAK MARKET AND BUSINESS SITUATION.  Full Article

Osram: Q2 Sales Fell 13.5 Pct, Still Sees 11-14 Pct Full-Year Decline
Wednesday, 8 May 2019 

May 8 (Reuters) - Osram OSRN.DE::CHALLENGING MARKET ENVIRONMENT CONTINUES INTO Q2 FY 2019.Q2 PERFORMANCE WAS AS EXPECTED.ADJUSTED EBITDA MARGIN WAS 8.1 PERCENT.REVENUE ON A COMPARABLE BASIS FELL BY 13.5 PERCENT TO 862 MILLION EUROS IN THE PERIOD FROM JANUARY TO END OF MARCH.GENERAL ECONOMIC SLOWDOWN IS ADVERSELY AFFECTING BUSINESS DEVELOPMENT.NET LOSS OF 91 MILLION EUROS DUE TO TRANSFORMATION COSTS AND AN IMPAIRMENT CHARGE IN THE CONTROLS BUSINESS.MANAGEMENT BOARD PLANS SAVINGS OF OVER 200 MILLION EUROS BY 2021.ADJUSTED EBITDA AT 70 MILLION WAS 56 PERCENT BELOW PRIOR-YEAR FIGURE.OPTO SEMICONDUCTORS DIVISION RECORDED DECLINE IN SALES OF AROUND 18.8 PERCENT ON A COMPARABLE BASIS DUE TO ECONOMIC EFFECTS, WEAKNESS IN AUTOMOTIVE INDUSTRY AND GENERAL LIGHTING.MANAGEMENT BOARD EXPECTS DECLINE IN REVENUE FROM CONTINUING OPERATIONS OF 11 TO 14 PERCENT, AN ADJUSTED EBITDA MARGIN OF 8 TO 10 PERCENT.DUE DILIGENCE ON TALKS WITH BAIN CAPITAL AND CARLYLE GROUP ABOUT POSSIBLE TAKEOVER, REMAINS TO BE SEEN IF AGREEMENT WILL BE REACHED.  Full Article

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Factbox: Where's the fit? Sensor specialist AMS eyes lighting group Osram

VIENNA Austrian sensor specialist AMS plans to buy Osram Licht in a deal that would value the bigger, German group at 4.3 billion euros ($4.8 billion).