Edition:
India

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.