Deals
Osram Advises Shareholders to Accept $4.4 Billion Takeover
- German company says workers will be protected from layoffs
- Quarterly earnings beat estimates, pushes back mid-term goals
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Osram Licht AG gave its backing to a $4.4 billion takeover offer from AMS AG after reaching an agreement with the Austrian sensor maker that will protect workers from merger-related layoffs until 2022.