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Sensor specialist AMS triggers bidding war for Osram

Reuters Monday, 12 August 2019
Shares in Osram soared 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).
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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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