Deals

Ex-Siemens Unit Osram Is Getting Cheaper for Prospective Buyers

Lighting maker’s profit warning sends shares plunging
German company has raised possibility of sale to Bain, Carlyle

An attendee uses a smartphone to take a photo of a light-emitting diode (LED) display at the Royal Philips NV exhibition stand during the Building + Light trade fair in Frankfurt, Germany.
Photographer: Martin Leissl/Bloomberg

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By Oliver Sachgau

March 28, 2019 at 11:20 AM EDT

Updated on

March 28, 2019 at 2:05 PM EDT

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Osram Licht AG just got a whole lot cheaper for any would-be acquirer.

After confirming talks last month with private equity investors for a possible takeover, the former Siemens AG division issued a sixth profit warning in a little more than a year on Thursday, sending the company’s shares plunging.

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