Osram will steadfastly continue its transformation to a high-tech photonics company. “Following the failure of the recent takeover attempts, we are now retaining our independence and will shape our own future”, said Olaf Berlien, CEO of Osram Licht AG. “Our strategy is the right path to medium- and long-term growth. The final bid of 41 euros per share clearly shows the value attached to our company, even in the current difficult economic environment.” In ams, which has acquired almost 20 percent of Osram shares in recent weeks, Osram has now gained a new anchor investor. Osram management is therefore inviting ams management to engage in discussions on the nature of a meaningful and mutually beneficial collaboration within the framework of legal requirements.
Financial investors Advent and Bain Capital are currently inspecting the books with a view to submitting an offer for Osram. Irrespective of the outcome of this inspection and irrespective of the talks with ams, Osram will steadfastly continue its transformation to a high-tech photonics company and will soon present an update to the corporate strategy announced in November 2018 which the Managing Board and the Supervisory Board have begun to prepare in parallel with the bidding process. Osram is focusing primarily on the following areas: streamlining of the product portfolio, rapid expansion of future-oriented products, optimization of all business areas and improvement of profitability.
As lightED has previously reported, Osram accepted a $3.8 billion takeover offer from Bain Capital and The Carlyle Group last July. Less than a month later, Osram announced it was in negotiations with ams after receiving a higher bid. Earlier this month, Bloomberg reported the ams offer had failed.Tagged with AMS, Osram