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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Ams AG    AMS   AT0000A18XM4

AMS AG

(AMS)
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Ams : Concludes Domination Agreement With Osram as Part of Takeover

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09/23/2020 | 02:43am EDT

By Cecilia Butini

Ams AG said late Tuesday that its subsidiary Ams Offer GmbH has concluded a domination and profit and loss transfer agreement with Osram Licht AG as part of a planned takeover which will create a combined company focusing on sensor solutions and photonics.

The Austrian sensor maker, which is listed in Switzerland, said cash compensation under the agreement amounts to 44.56 euros ($52.17) per share, while recurring compensation is set at EUR2.24 per share. This amount will be paid out to Osram shareholders after subtracting tax, Ams said.

Ams currently holds a 71% stake in Osram.

The company said the domination agreement is contingent on approval by at least 75% of the votes of the extraordinary general meeting of Osram, which will be held on Nov. 3.

 

Write to Cecilia Butini at cecilia.butini@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
AMS AG -0.91% 20.8 Delayed Quote.-46.55%
OSRAM LICHT AG -0.43% 50.88 Delayed Quote.15.74%
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Financials
Sales 2020 3 361 M 3 971 M 3 971 M
Net income 2020 0,34 M 0,41 M 0,41 M
Net Debt 2020 2 462 M 2 909 M 2 909 M
P/E ratio 2020 320x
Yield 2020 0,05%
Capitalization 5 364 M 6 355 M 6 337 M
EV / Sales 2020 2,33x
EV / Sales 2021 1,42x
Nbr of Employees 8 639
Free-Float 97,4%
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Technical analysis trends AMS AG
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 16
Average target price 21,94 €
Last Close Price 19,56 €
Spread / Highest target 59,6%
Spread / Average Target 12,2%
Spread / Lowest Target -38,1%
EPS Revisions
Managers
NameTitle
Alexander Friedrich Everke Chief Executive Officer
Hans Jörg Kaltenbrunner Chairman-Supervisory Board
Thomas Stockmeier Chief Operating Officer
Ingo Bank Chief Financial Officer
Guido Klestil Honorary Chairman
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