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Osram Licht AG (OSRn.DE)

OSRn.DE on Xetra

50.24EUR
25 Sep 2020
Change (% chg)

€0.10 (+0.20%)
Prev Close
€50.14
Open
€49.96
Day's High
€50.60
Day's Low
€49.89
Volume
74,629
Avg. Vol
147,153
52-wk High
€50.86
52-wk Low
€20.50

Latest Key Developments (Source: Significant Developments)

AMS AG succesfully sells additional senior notes
Monday, 13 Jul 2020 

July 13 (Reuters) - Ams Ag ::Says Announces Successful Pricing Of Additional Eur 200mln 6% Senior Notes Due 2025 And Of Additional Usd 50 Million 7% Seniornotes Due 2025.Says Eur 200 Million Aggregate Principal Amount Of Senior Notes Due 2025 At Coupon Of 6.00% Per Annum And Issue Price Of 100.75% and implied 5.82% Yield To Maturity.Says Pricing Of Usd 50 Million Aggregate Principal Amount Of Senior Notes Due 2025 At A Coupon Of 7.00% Per Annum At An Issue Price Of 100.75% And Implied 6.82% Yield To Maturity.  Full Article

Ams To Offer Additional EUR 200 Mln Senior Notes
Monday, 13 Jul 2020 

July 13 (Reuters) - AMS AG ::ANNOUNCED TODAY LAUNCH OF AN OFFERING OF AN ADDITIONAL EUR 200 MILLION AGGREGATE PRINCIPALAMOUNT OF EURO DENOMINATED 6% SENIOR NOTES DUE 2025 ( "ADDITIONAL NOTES"), INCONNECTION WITH ACQUISITION OF OSRAM LICHT AG.INTENDS TO USE PROCEEDS FROM OFFERING OF ADDITIONAL NOTES FOR GENERAL CORPORATE PURPOSES (INCLUDING REFINANCING OF EXISTING INDEBTEDNESS) AND TO PAY CERTAIN FEES AND EXPENSES RELATED TO OFFERING OF ADDITIONAL NOTES.ANNOUNCEMENT FOLLOWS SUCCESSFUL CLOSING BY AMS OF EUR 650 MILLION AGGREGATE PRINCIPAL AMOUNT OFSENIOR NOTES DUE 2025 AT A COUPON OF 6.00% PER ANNUM AND OF USD 400 MLNAGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2025 AT A COUPON OF 7.00% PERANNUM ON 6 JULY 2020.  Full Article

AMS AG Extraordinary General Meeting To Be Held On January 24
Friday, 3 Jan 2020 

Jan 3 (Reuters) - ams AG ::CONVOCATION OF EXTRAORDINARY GENERAL MEETING.EXTRAORDINARY GENERAL MEETING OF AMS AG ON FRIDAY, JANUARY 24, 2020 AT 12.00.  Full Article

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

BRIEF-Osram CEO Says Coronavirus Impact Will Fully Hit Us Only In Q3

* OSRAM CEO SAYS ALL BUT TWO OF OUR FACTORIES ARE RUNNING, CAPACITY GOOD