Sensor manufacturer AMS recently announced that the minimum acceptance threshold of 62.5% required in conjunction with the all-cash takeover offer for OSRAM Licht AG was not achieved. The final acceptance level was 51.6%.
The company remains the largest shareholder in OSRAM with a direct shareholding of 19.99%. AMS continues to view the acquisition strategically compelling and will explore options to pursue it.
Meanwhile, financial investors Advent and Bain Capital are currently inspecting OSRAM’s books with a view to submitting an offer.
“Following the failure of the recent takeover attempts, we are now retaining our independence and will shape our own future”, said Olaf Berlien, CEO of OSRAM Licht AG. “Our strategy is the right path to medium- and long-term growth. The final bid of 41 euros per share clearly shows the value attached to our company, even in the current difficult economic environment.”
