Osram recommends current takeover offer from ams
(WorldNews Germany)

Company expects moderate change in revenue in FY2020 Osram concludes business combination agreement with ams in course of takeover offer Osram boards recommend ams offer in reasoned opinion Employees protected against merger-related layoffs until the end of 2022 Brigitte Ederer will act as an independent monitor for the agreement Company expects moderate revenue and margin development for FY2020 Savings target clearly exceeded on an annual basis Osram has concluded a comprehensive business combination agreement with ams and recommends its shareholders accept the current takeover offer. `After intensive negotiations, we have agreed on many decisive framework conditions for the future of Osram...