Austrian sensor manufacturer AMS has announced its November 7, 2019 all-cash takeover offer for OSRAM Licht AG has crossed the acceptance threshold among OSRAM’s shareholders, and has been accepted.
“We are pleased to announce that we have been successful in achieving the minimum acceptance threshold in our Offer for OSRAM,” Alexander Everke, CEO of AMS said. “We look forward to creating a European based global leader in sensor solutions and photonics through the combination of AMS and OSRAM.”
Further steps to implement the transaction are expected to begin soon. AMS continues to close the transaction in the first half of 2020.
