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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

09/23/2020 | 01:43am EST

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 -1.78% 23.2 Delayed Quote.-11.01%
OSRAM LICHT AG -0.54% 51.8 Delayed Quote.17.33%
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Financials
Sales 2020 3 424 M 4 090 M 4 090 M
Net income 2020 -57,9 M -69,2 M -69,2 M
Net Debt 2020 2 287 M 2 732 M 2 732 M
P/E ratio 2020 -187x
Yield 2020 0,05%
Capitalization 5 865 M 7 022 M 7 005 M
EV / Sales 2020 2,38x
EV / Sales 2021 1,52x
Nbr of Employees 8 609
Free-Float 97,4%
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 22,36 €
Last Close Price 21,38 €
Spread / Highest target 40,1%
Spread / Average Target 4,57%
Spread / Lowest Target -43,4%
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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