Osram advises investors to accept $4.8 billion offer from AMS

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Osram advises investors to accept $4.8 billion offer from AMS
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German lighting group Osram advised its shareholders on Monday to accept a 4.3 b...

) and sell their shares to the Austrian sensor specialist, saying the offer was economically attractive.

AMS launched its 38.50 euro per share offer for the company earlier this month, beating a rival offer from private equity investors Bain Capital and Carlyle Group by 10%. Osram had initially backed the finance investors’ offer, who had agreed to maintain Osram as an independent company with its current management and to support its strategic direction.

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