ams submitted a proposal to OSRAM for a takeover offer at a price of EUR38.50 per share
(World News Austria)

Combination of ams and OSRAM creates a global leader in sensor solutions and photonics with tangible benefits for customers Step change for both companies, leveraging European sensor and photonics technology to drive growth, margin improvement and continued investment Offer price of EUR38.50 reflects premium of 33% to undisturbed OSRAM share price (EUR28.92) and 10% to the offer from Bain Capital and The Carlyle Group (EUR35.00) Cost and revenue synergies with an expected annual pre-tax run-rate in excess of EUR300 million, representing significant value creation Expected to be accretive to ams` earnings per share from the first year post completion; returns expected to exceed ams` cost of capital...