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Osram Licht AG (OSRn.DE)

OSRn.DE on Xetra

45.50EUR
22 Jan 2020
Change (% chg)

€-0.25 (-0.55%)
Prev Close
€45.75
Open
€45.56
Day's High
€45.79
Day's Low
€45.40
Volume
73,176
Avg. Vol
765,318
52-wk High
€45.90
52-wk Low
€24.60

Latest Key Developments (Source: Significant Developments)

Ams Announces Final Result In Takeover Offer For Osram
Thursday, 2 Jan 2020 

Jan 2 (Reuters) - AMS AG ::AMS ANNOUNCES FINAL RESULT IN TAKEOVER OFFER FOR OSRAM.FINAL ACCEPTANCE LEVEL OF 59.9% AT END OF ADDITIONAL ACCEPTANCE PERIOD.OFFER EXPECTED TO CLOSE IN Q2 2020.OFFER EXPECTED TO CLOSE IN Q2 2020 UPON RECEIPT OF REGULATORY APPROVALS.EGM PLANNED FOR 24 JANUARY 2020 TO RESOLVE ON RIGHTS ISSUE.  Full Article

AMS Announces Start Of Additional Acceptance Period Of Takeover Offer For Osram
Wednesday, 11 Dec 2019 

Dec 11 (Reuters) - AMS AG AMS.S::ANNOUNCES START OF ADDITIONAL ACCEPTANCE PERIOD OF TAKEOVER OFFER FOR OSRAM.ACCEPTANCE LEVEL OF 59.3% ACHIEVED DURING MAIN OFFER PERIOD.ADDITIONAL ACCEPTANCE PERIOD TO RUN FROM 11 UNTIL 24 DECEMBER 2019, 24.00 CET.AMS ENCOURAGES OSRAM SHAREHOLDERS TO TENDER INTO OFFER DURING ADDITIONAL ACCEPTANCE PERIOD.FINAL RESULTS OF OFFER WILL BE PUBLISHED ON 2 JANUARY 2020.  Full Article

Osram Licht: Osram's Management Board Invites AMS To Talks About Future
Friday, 6 Dec 2019 

Dec 6 (Reuters) - Osram Licht AG ::OSRAM'S MANAGEMENT BOARD INVITES AMS TO TALKS ABOUT FUTURE.TAKEOVER PROCESS LEADS TO HIGH PREMIUM FOR SHAREHOLDERS.OSRAM MANAGEMENT BEGINS TALKS ON WAY TO BECOMING A JOINT PHOTONICS CHAMPION -.OSRAM SHAREHOLDERS WILL RECEIVE 41 EUROS PER SHARE, REPRESENTING A MARKUP OF 42 PERCENT SINCE THE START OF THE PROCESS.MERGER-RELATED LAYOFFS, FOR EXAMPLE, HAVE BEEN RULED OUT UNTIL THE END OF 2022.MANAGING BOARDS OF OSRAM AND AMS WILL NOW PREPARE A VIABLE INTEGRATION ROADMAP AS EQUAL.COMPLIANCE WITH THESE REGULATORY STEPS AND LEGAL APPROVALS AS WELL AS ORGANIZATIONAL COORDINATION ARE EXPECTED TO TAKE UNTIL SUMMER 2020.  Full Article

AMS: Acceptance Threshold For AMS' Takeover Offer For Osram Is Satisfied
Friday, 6 Dec 2019 

Dec 6 (Reuters) - ams AG ::ANNOUNCES ACCEPTANCE THRESHOLD FOR AMS' TAKEOVER OFFER FOR OSRAM IS SATISFIED.AMS HAS TODAY EXCEEDED THE MINIMUM ACCEPTANCE THRESHOLD OF 55% .ADDITIONAL ACCEPTANCE PERIOD TO RUN FROM 11 UNTIL 24 DECEMBER, 24.00 CET.INTENDS TO INVITE ITS SHAREHOLDERS TO AN EGM TO BE HELD IN JANUARY 2020 TO AUTHORIZE THE PROPOSED EQUITY CAPITAL RAISING.AMS LOOKS FORWARD TO WORKING CLOSELY WITH THE OSRAM MANAGEMENT TEAM AND ALL OSRAM AND AMS STAKEHOLDERS TO REALIZE SHARED GOAL OF A GLOBAL LEADER IN SENSOR SOLUTIONS AND PHOTONICS .  Full Article

ams: Last Day To Tender Into ams Offer For OSRAM
Thursday, 5 Dec 2019 

Dec 5 (Reuters) - AMS AG ::LAST DAY TO TENDER INTO AMS OFFER FOR OSRAM; ACCEPTANCE LEVEL CURRENTLY STANDS AT 39.8%.  Full Article

Gateway Real Estate Buys Former Osram Production Site In Augsburg
Monday, 2 Dec 2019 

Dec 2 (Reuters) - GATEWAY REAL ESTATE AG ::ACQUIRES THE FORMER OSRAM PRODUCTION SITE IN AUGSBURG AND PLANS TO DEVELOP A NEW QUARTER.GROSS DEVELOPMENT VOLUME OF MORE THAN 800 MILLION EUROS.SELLER OF PROPERTY WAS LEDVANCE GMBH.  Full Article

AMS says 3.3% of Osram shareholders have tendered their shares
Wednesday, 27 Nov 2019 

Nov 27 (Reuters) - AMS AG AMS.S::AMS NOTES THAT 3.3% OF OSRAM SHAREHOLDERS HAVE TENDERED THEIR SHARES INTO OFFER AS OF 27 NOVEMBER 2019.AMS CONFIRMS THAT IT WILL NOT PURCHASE FURTHER OSRAM SHARES OR LAUNCH ANOTHER OFFER FOR OSRAM FOR A PERIOD OF AT LEAST 6 MONTHS SHOULD OFFER FAIL TO ACHIEVE 55% MINIMUM ACCEPTANCE THRESHOLD.CONFIRMS THAT IT HAS NO INTENTION TO CHANGE OFFER PRICE OF EUR 41.00 OR REDUCE MINIMUM ACCEPTANCE THRESHOLD OF 55%.‍OFFER EXPIRES ON 5 DECEMBER 2019 AT MIDNIGHT (CET)..  Full Article

Union Says Osram Plans To Cut 800 Jobs in Germany
Tuesday, 12 Nov 2019 

Nov 12 (Reuters) - IG Metall::OSRAM PLANS TO CUT 800 JOBS IN GERMANY.  Full Article

AMS Enters Into Business Combination Agreement With Osram
Tuesday, 12 Nov 2019 

Nov 12 (Reuters) - AMS AG ::NOTES PUBLICATION OF REASONED STATEMENT BY MANAGEMENT BOARD AND SUPERVISORY BOARD OF OSRAM LICHT.WELCOMES POSITIVE RECOMMENDATION IN SUPPORT OF ITS ALL- CASH TAKEOVER FOR 100% OF SHARE CAPITAL OF OSRAM AT A PRICE OF EUR 41.00 PER SHARE.AMS AND OSRAM HAVE AGREED A BUSINESS COMBINATION AGREEMENT WITH COMPREHENSIVE COMMITMENTS AIMED AT SAFEGUARDING JOBS AND MANUFACTURING SITES IN GERMANY.ENCOURAGES ALL OSRAM SHAREHOLDERS TO TENDER INTO OFFER AND IS CONFIDENT TO ACHIEVE 55% MINIMUM ACCEPTANCE THRESHOLD.OFFER PERIOD DUE TO EXPIRE ON THURSDAY, 5 DECEMBER 2019.COMMITMENTS CONTINUE TO ENABLE AMS TO REALIZE ENVISAGED COST AND REVENUE SYNERGIES FROM COMBINATION WITH AN EXPECTED ANNUAL PRE-TAX RUN-RATE OF AT LEAST EUR 300 MILLION.  Full Article

AMS AG Announces Start Of Acceptance Period For New Takeover Offer For Osram
Thursday, 7 Nov 2019 

Nov 7 (Reuters) - ams AG ::ANNOUNCES START OF ACCEPTANCE PERIOD FOR NEW TAKEOVER OFFER FOR OSRAM.PUBLICATION OF OFFER DOCUMENT FOLLOWING CLEARANCE, STARTING FOUR-WEEK ACCEPTANCE PERIOD RUNNING FROM 7 NOVEMBER UNTIL 5 DECEMBER 2019.REFLECTING ON ITS POSITION AS PRE-EMINENT OSRAM SHAREHOLDER, AMS HAS LOWERED MINIMUM ACCEPTANCE THRESHOLD TO 55%.EUR 41.00 OFFER PRICE REFLECTS A PREMIUM OF 42% TO UNDISTURBED SHARE PRICE OF OSRAM AS OF 2 JULY 2019 (EUR 28.92).  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.