An unprecedented bidding war has erupted over German lighting group Osram , with...
FILE PHOTO: The logo of German lighting manufacturer Osram is illuminated at the company's headquarters in Munich, Germany, September 16, 2019. REUTERS/Andreas GebertAMS had itself surpassed a 4 billion euro offer that Bain had made, that time in combination with Carlyle Group. Bain turned to Advent as Carlyle did not want to put any more cash on the table, people close to the matter have said.
Then AMS entered the fray, first announcing then launching a higher offer pitched at 38.50 euros per share. The German group was not enthusiastic initially, since the much smaller company said it would sell certain divisions and cut jobs if successful.However, the “financial attractiveness” of AMS’s bid led Osram to advise its shareholders to sell its stock to the Austrian group.
There is also not enough time left for it to enter the race as part of a new bidding consortium, as the German watchdog needs to be given two weeks to approve a new offer. If neither Bain & Carlyle nor AMS reached the necessary threshold to buy Osram, everything could start from scratch.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Netflix stock falls again as the previous most-bullish analyst slashes price targetShares of Netflix Inc. sank again Tuesday, enough to turn negative for this year, after the previously most-bullish analyst slashed his price target to below...
Consulte Mais informação »
Everything You Need To Know About Surprise Emmy Winner Jodie ComerHer acceptance speech was so sweet.
Consulte Mais informação »
The Chinese Breakfast We Can't Stop Eating for DinnerIt's a slow-cooker twist on a classic dish.
Consulte Mais informação »
Christine McGuinness reveals it took her four years to get pregnant after anorexia battlePaddy McGuinness' wife Christine has revealed it took her 4 years to get pregnant after suffering from anorexia. She is now a doting mother to three young children...
Consulte Mais informação »
EXPLAINER: What it would take for Congress to impeach TrumpSome of U.S. President Donald Trump&39;s critics in the House of Representatives are calling for an impeachment investigation following a whistleblower complaint that has roiled Washington. The complaint, which came from inside the intelligence community, focused on a July phone call in which Trump
Consulte Mais informação »