Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  OSRAM Licht    OSR   DE000LED4000

OSRAM LICHT

(OSR)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

OSRAM Licht AG: OSRAM clears way for ams takeover offer and signs cooperation agreement

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/21/2019 | 02:35pm EDT

DGAP-Ad-hoc: OSRAM Licht AG / Key word(s): Offer
OSRAM Licht AG: OSRAM clears way for ams takeover offer and signs cooperation agreement

21-Aug-2019 / 20:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


 

The Managing Board of Osram Licht AG (Osram) has waived the existing standstill agreement with ams AG (ams) and, with the approval of the Supervisory Board, has signed a cooperation agreement providing protection commitments for employees, company sites and key parts of the business.

After careful consideration of the transaction offer, the Managing Board and Supervisory Board of Osram have come to the conclusion that it is particularly in the interest of Osram's shareholders and other stakeholders to waive the existing standstill agreement with ams and to sign a cooperation agreement with ams in order to enable ams to publish the offer.

The offer price is EUR 38.50 per Osram share and is 10% higher than the current offer of the bidding consortium consisting of Bain Capital and The Carlyle Group. ams' offer values Osram with an equity value of approximately EUR 3.7 billion and an enterprise value of approximately EUR 4.3 billion. ams provides for a minimum acceptance threshold of 70 percent, further customary market conditions and an acceptance period running presumably until the beginning of October 2019. The acceptance threshold does not include the treasury shares of Osram.

The offer document will be published at a later date by Opal BidCo GmbH, a holding company of ams AG, in accordance with the provisions of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - WpÜG) after approval by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin). After publication, the Managing Board and Supervisory Board will carefully review the offer document and issue a reasoned opinion pursuant to Section 27 WpÜG. If the offer document is published by ams before expiry of the acceptance period of the current offer of the bidder consortium consisting of Bain Capital and The Carlyle Group, those shareholders who have already tendered their shares may withdraw from the acceptance of the offer and accept the offer of ams.



Contact:
Juliana Baron
Head of Investor Relations

OSRAM Licht AG
Investor Relations
Marcel-Breuer-Straße 6
80807 München, Deutschland
Tel. +49 89 6213-3030img
mailto:j.baron@osram.com
www.osram.com

21-Aug-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: OSRAM Licht AG
Marcel-Breuer-Straße 6
80807 München
Germany
Phone: +49 89 6213-0
Fax: +49 89 6213-3629
E-mail: ir@osram.com
Internet: www.osram-group.com
ISIN: DE000LED4000
WKN: LED400
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 861221

 
End of Announcement DGAP News Service

861221  21-Aug-2019 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=861221&application_name=news&site_id=zonebourse

© EQS 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on OSRAM LICHT
09/18OSRAM IOT AWARDS 2019 : Announcing the winners
PU
09/17OSRAM LICHT AG : Correction of a release from 05/08/2019 according to Article 40..
EQ
09/17OSRAM LICHT AG : Release according to Article 40, Section 1 of the WpHG [the Ger..
EQ
09/17OSRAM LICHT : Infrared-LEDs from Osram enable face recognition in Smartwatches
PU
09/16Germany's Osram urges investors to accept $4.8 billion AMS offer
RE
09/16NEWS HIGHLIGHTS : Top Company News of the Day
DJ
09/16NEWS HIGHLIGHTS : Top Company News of the Day
DJ
09/16NEWS HIGHLIGHTS : Top Company News of the Day
DJ
09/16Austria's AMS holds nearly 3% of shares in Germany's Osram
RE
09/16ALLIANZ : Global Investors prepared to sell Osram stake to AMS if no better opti..
RE
More news
Financials (EUR)
Sales 2019 3 481 M
EBIT 2019 -40,0 M
Net income 2019 -186 M
Debt 2019 300 M
Yield 2019 2,94%
P/E ratio 2019 -19,9x
P/E ratio 2020 40,6x
EV / Sales2019 1,11x
EV / Sales2020 1,06x
Capitalization 3 551 M
Chart OSRAM LICHT
Duration : Period :
OSRAM Licht Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends OSRAM LICHT
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 39,71  €
Last Close Price 37,76  €
Spread / Highest target 85,4%
Spread / Average Target 5,16%
Spread / Lowest Target -23,2%
EPS Revisions
Managers
NameTitle
Olaf Berlien Chief Executive Officer
Peter Bauer Chairman-Supervisory Board
Ingo Bank Chief Financial Officer
Stefan Horst Michael Kampmann Chief Technology Officer
Christine Bortenlänger Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
OSRAM LICHT-0.58%3 928
KEYENCE CORPORATION25.46%75 174
SCHNEIDER ELECTRIC SE34.86%48 697
NIDEC CORPORATION26.15%40 748
EMERSON ELECTRIC8.64%39 926
DAIKIN INDUSTRIES, LTD.26.42%38 946