55 Percent Hurdle Skipped ams Takes Over Osram

Alexander Everke, CEO of ams: "With the merger of ams and Osram, we want to create a leading global supplier of sensor solutions and photonics with headquarters in Europe.

It was exciting right up to the end: ams crossed the acceptance threshold of 55 percent at the end of the period on 5 December and can thus acquire Osram for 4.6 billion euros.

"We thank the Osram shareholders for their confidence in us and their understanding of the convincing strategic and industrial logic of the transaction," says Alexander Everke, CEO of ams. After initial hesitation, Olaf Berlien, CEO of Osram Licht, also supported the plan: "Now we can jointly launch a world-class photonics and sensor technology champion.

To this end, according to Everke, the management of ams wants to work closely with the Osram management and all stakeholders of Osram and ams to define an attractive path for the future of Osram and ams.

ams expects that further steps to implement the transaction will begin shortly. The transaction is expected to be completed during the first half of 2020. ams intends to invite ams shareholders to an extraordinary general meeting in January 2020 to approve the planned capital increase in connection with the offer.

The period during which assumptions can still be booked into the Offer runs until Monday, December 9, 2019. The final result of the Offer will be announced on Tuesday, December 10, 2019.

Osram shareholders who have not yet tendered their shares may do so until 24 December 2019 during the additional acceptance period.