Deals
AMS Vows to Pursue Osram Takeover After $4.4 Billion Offer Fails
- Austrian firm is Osram’s biggest shareholder with 19.99% stake
- Osram says PE firms inspecting books with view to submit bid
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AMS AG vowed to keep pursuing the acquisition of German lighting specialist Osram Licht AG after its 4-billion euro ($4.4 billion) bid failed to garner enough support from shareholders.
Osram investors tendered 51.6% of their shares, AMS said Friday in a statement, falling short of a 62.5% threshold set by the Austrian optical sensor maker for the deal to be successful.