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Osram Licht AG (OSRn.DE)

OSRn.DE on Xetra

38.35EUR
5 Dec 2019
Change (% chg)

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€38.35
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Avg. Vol
920,850
52-wk High
€41.30
52-wk Low
€24.60

Latest Key Developments (Source: Significant Developments)

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

AMS Aims For Osram Board Representation Adequate To Its Shareholding - Osram
Monday, 28 Oct 2019 

Oct 28 (Reuters) - Osram ::AMS SAYS ACQUISITION OF VOTING RIGHTS OF OSRAM LICHT AG SERVES STRATEGIC GOALS.AMS SAYS IT DOES NOT INTEND TO CHANGE COMPOSITION OF MANAGING BOARD OF OSRAM LICHT AG OR TO INITIATE SUCH CHANGE.AMS SAYS IT INTENDS TO BE REPRESENTED ON SUPERVISORY BOARD OF OSRAM LICHT AG AFTER CLOSING OF TAKEOVER OFFER IN A MANNER ADEQUATE TO ITS SHAREHOLDING.AMS SAYS NO SUBSTANTIAL CHANGE IN CAPITAL STRUCTURE OF OSRAM LICHT AG IS INTENDED.  Full Article

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

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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.