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Apple supplier AMS makes 38.50 euros/share takeover offer for Germany's Osram

Reuters Sunday, 11 August 2019 ()
Apple supplier AMS AG said it has made an all-cash takeover offer for German lighting group Osram Licht AG at an offer price of 38.5 euros per share.
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News video: AMS sparks bidding war for Osram

AMS sparks bidding war for Osram 01:10

Shares in Osram jumped after Austrian sensor maker AMS triggered a bidding war for the German lighting group, saying it was ready to trump Bain and Carlyle with a cash offer valuing the company at 4.3 billion euros ($4.8 billion). Francis Maguire reports.

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