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Osram Licht AG (OSRn.DE)

OSRn.DE on Xetra

40.15EUR
18 Oct 2019
Change (% chg)

€1.18 (+3.03%)
Prev Close
€38.97
Open
€39.19
Day's High
€40.40
Day's Low
€39.15
Volume
1,773,675
Avg. Vol
1,182,402
52-wk High
€41.92
52-wk Low
€24.60

Latest Key Developments (Source: Significant Developments)

AMS submits new bid for Osram with same valuation, lower threshold
Friday, 18 Oct 2019 

Oct 18 (Reuters) - AMS AG ::SAYS BIDDER EXPECTS TO MAKE TAKEOVER OFFER SUBJECT TO COMPLETION CONDITIONS RELATING TO CERTAIN REGULATORY PROCEEDINGS, A MINIMUM ACCEPTANCE THRESHOLD OF 55% OF ALL ISSUED OSRAM SHARES PLUS ONE OSRAM SHARE.SAYS DECIDED TODAY TO MAKE A VOLUNTARY PUBLIC TAKEOVER OFFER TO SHAREHOLDERS OF OSRAM LICHT AG.SAYS BIDDER INTENDS TO OFFER A CASH CONSIDERATION IN AMOUNT OF EUR 41.00 PER OSRAM SHARE.  Full Article

Osram says in constructive talks with AMS about new takeover offer
Friday, 18 Oct 2019 

Oct 18 (Reuters) - Osram Licht Ag ::DGAP-ADHOC: OSRAM LICHT AG: ADVENT AND BAIN CAPITAL FOR THE TIME BEING DO NOT PLAN TAKEOVER OFFER FOR OSRAM.SAYS OSRAM ENGAGED IN CONSTRUCTIVE DISCUSSIONS WITH AMS AG ABOUT CONDITIONS FOR A NEW TAKEOVER OFFER.SAYS MANAGING BOARD WELCOMES PROGRESS MADE TO FAR AND IS CONFIDENT THAT BOTH PARTIES CAN AGREE ON A FUTURE ORIENTED STRATEGIC CONCEPT.  Full Article

Osram open for new AMS offer, at right conditions -CEO
Thursday, 10 Oct 2019 

Oct 10 (Reuters) - Osram ::CEO SAYS BAIN, ADVENT WERE STILL IN OUR DATAROOM DOING DUE DILIGENCE AT THE WEEKEND.CEO SAYS I HAD PERSONALLY MET WITH AMS CEO THIS WEEK, WE ARE IN GOOD DISCUSSIONS.CEO SAYS I WOULD BE OPEN FOR NEW OFFER BY AMS IF CONDITIONS FOR A TAKEOVER CHANGE.CEO SAYS IT IS NOT ABOUT PRICE BUT ABOUT ADRESSING OUR CONCERNS.  Full Article

AMS AG Says Offer For Osram Expires Tomorrow, 1 October, At 2400 CEST
Tuesday, 1 Oct 2019 

Sept 30 (Reuters) - Ams Ag ::AMS OFFER FOR OSRAM EXPIRES TOMORROW, 1 OCTOBER, AT 24:00 CEST.NO EXTENSION OF OFFER PERIOD FOR OSRAM; LAST POSSIBILITY TO AMEND OFFER PASSED TODAY AT 18:00 CEST.AMS CONTINUES TO BE OF VIEW THAT IN EVENT OFFER WOULD FAIL, OSRAM SHARE PRICE WILL FALL TO MATERIALLY BELOW OFFER PRICE OF EUR 41.00 PER SHARE.AMS URGES ALL OSRAM SHAREHOLDERS TO TENDER THEIR SHARES PRIOR TO DEADLINE.  Full Article

Ams Says It Controls 25.14% Of Osram Shares As Of Monday Evening
Monday, 30 Sep 2019 

Oct 1 (Reuters) - AMS AG ::AMS SAYS IT CONTROLS 25.14% OF OSRAM SHARES AS OF MONDAY EVENING.  Full Article

AMS: Final Takeover Offer For Osram At EUR 41.00 Per Share
Friday, 27 Sep 2019 

Sept 27 (Reuters) - AMS AG ::INCREASED PRICE REFLECTS A PREMIUM OF 42% TO UNDISTURBED OSRAM SHARE PRICE (EUR 28.92) AND AN INCREASE OF EUR 2.50 PER SHARE TO PREVIOUS OFFER OF EUR 38.50.PRESENTS FINAL TAKEOVER OFFER FOR OSRAM.SIGNIFICANTLY BETTER, SECURE AND IMMEDIATELY ACTIONABLE TRANSACTION FOR OSRAM SHAREHOLDERS COMPARED TO SPECULATING ON AN UNCERTAIN INDICATIVE THIRD PARTY OFFER.INCREASED PRICE REFLECTS A PREMIUM OF 42% TO UNDISTURBED OSRAM SHARE PRICE (EUR 28.92) AND AN INCREASE OF EUR 2.50 PER SHARE TO PREVIOUS OFFER OF EUR 38.50.EUR 4.5BN COMMITTED BRIDGE FACILITY AND EUR 1.6 BN UNDERWRITTEN EQUITY ISSUANCE, RESULTING IN PRO-FORMA DEC-2019 NET DEBT/EBITDA RATIO OF 4.5X OR 3.4X ADJUSTED FOR RUN-RATE SYNERGIES.TAKEOVER OFFER COMES WITH HOLISTIC PROTECTIVE COVENANTS FOR OSRAM EMPLOYEES AND GERMAN MANUFACTURING SITES, IN EXCESS OF COMMITMENTS INDICATED BY INDICATIVE THIRD PARTY OFFER.EUR 4.5BN COMMITTED BRIDGE FACILITY AND EUR 1.6 BN UNDERWRITTEN EQUITY ISSUANCE, RESULTING IN PRO-FORMA DEC-2019 NET DEBT/EBITDA RATIO OF 4.5X OR 3.4X ADJUSTED FOR RUN-RATE SYNERGIES.ALL OTHER TERMS AND CONDITIONS OF TAKEOVER OFFER REMAIN UNCHANGED COMPARED TO OFFER DOCUMENT PUBLISHED ON 3 SEPTEMBER 2019, INCLUDING 62.5% ACCEPTANCE THRESHOLD.AMS URGES ALL OSRAM SHAREHOLDERS TO TENDER THEIR SHARES PRIOR TO 1 OCTOBER 2019.AMS URGES ALL OSRAM SHAREHOLDERS TO TENDER THEIR SHARES PRIOR TO 1 OCTOBER 2019.  Full Article

AMS Says 6.2% Of Osram Shares Tendered
Wednesday, 25 Sep 2019 

Sept 25 (Reuters) - ams AG::6.2% OF OSRAM SHARES TENDERED.  Full Article

AMS: Start Of Acceptance Period Of Takeover Offer For Osram Licht
Tuesday, 3 Sep 2019 

Sept 3 (Reuters) - AMS AG ::ANNOUNCES START OF ACCEPTANCE PERIOD OF TAKEOVER OFFER FOR OSRAM LICHT AG.ACCEPTANCE PERIOD RUNS FOUR WEEKS FROM 3 SEPTEMBER UNTIL 1 OCTOBER 2019.OFFER PRICE OF EUR 38.50 IN CASH PROVIDES UNIQUE OPPORTUNITY TO SECURE HIGH PREMIUM TO RECENT OSRAM TRADING LEVELS.AMS OFFERS A PREMIUM TO OSRAM SHAREHOLDERS OF ADDITIONAL EUR 3.50 PER SHARE COMPARED TO LOWER OFFER BY BAIN CAPITAL AND CARLYLE GROUP.OFFER WILL BECOME UNCONDITIONAL WHEN MINIMUM ACCEPTANCE THRESHOLD OF 70 PERCENT OF ALL OSRAM SHARES IS MET.OSRAM SHAREHOLDERS WHO ALREADY HAVE TENDERED INTO LOWER OFFER FROM BAIN CAPITAL AND CARLYLE GROUP CAN SECURE PREMIUM OFFERED BY AMS BY WITHDRAWING AND RETENDERING THEIR SHARES INTO AMS OFFER.  Full Article

AMS To Launch Takeover Offer At EUR 38.50 Per Osram Share
Thursday, 22 Aug 2019 

Aug 21 (Reuters) - ams AG ::AMS TO LAUNCH TAKEOVER OFFER AT EUR 38.50 PER OSRAM SHARE.AMS AG SAYS OFFER PERIOD IS EXPECTED TO COMMENCE PRIOR TO 5 SEPTEMBER 2019 WHEN OFFER FROM BAIN CAPITAL AND CARLYLE GROUP WOULD HAVE EXPIRED..  Full Article

ams unit Opal Bidco intends to offer a cash consideration in amount of EUR 38.50/Osram Share
Thursday, 22 Aug 2019 

Aug 21 (Reuters) - Ams Ag ::OPAL BIDCO INTENDS TO OFFER A CASH CONSIDERATION IN AMOUNT OF EUR 38.50 PER OSRAM SHARE..OPAL BIDCO AND AMS AG AND OSRAM LICHT AG HAVE ENTERED INTO A COOPERATION AGREEMENT.OSRAM BOARD RELEASED CO FROM STANDSTILL OBLIGATION THAT CO & OSRAM LICHT AG HAD AGREED UPON IN CONFIDENTIALITY AGREEMENT DATED 4 JUNE 2019.  Full Article

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AMS plans new Osram offer: Same price, lower acceptance rate

VIENNA Austria's AMS plans to launch a new takeover bid for German lighting group Osram at the same price but lowering the acceptance rate to 55%, to make its vision of becoming a global leader in sensors and lights come true.