The courtship of Osram continues - Bain is not giving up
September 26, 2019A consortium comprising of Advent and Bain Capital has indicated it is willing to make a new takeover offer for all outstanding shares of OSRAM Licht AG.
ams' offer is officially on the table - acceptance period starts now
September 04, 2019Austrian sensor specialist, ams, has published the offer document and thereby starting the acceptance period of its offer for all outstanding shares of OSRAM Licht AG.
Osram says negotiations with ams are constructive
August 15, 2019Osram says that it has held constructive discussions on a Business Combination Agreement and on other topics with ams since Tuesday and will continue to do so.
ams not 'interested' in Osram Licht after due diligence
July 16, 2019Updated: First made public by Osram Licht, ams has now notes a recent publication by Osram Licht AG regarding a preliminary, non-binding expression of interest by ams for OSRAM Licht AG. Today, OSRAM Licht AG (OSRAM) received a non-binding, preliminary expression of interest of ams AG (AMS) to engage in discussions about a public takeover of OSRAM by AMS. Subject to the results of detailed due diligence and success in securing the required financing commitments for the transaction, AMS preliminarily values OSRAM at EUR 38.50 per share. AMS indicated that the funding of the offer shall be supported by a temporary bridge-loan facility of EUR 4.2 billion, which in part shall be refinanced at a later date by a capital increase in the amount of at least CHF 1.7 billion. Currently, neither the bridge-loan nor the equity portion are supported by binding commitments; any other coverage of operational funding requirements has not been clarified. On the basis of the information as per today, the Managing Board of OSRAM Licht AG does regard the probability of this transaction materializing as rather low. However, OSRAM will enable AMS to perform due diligence within strict compliance of anti-trust requirements in order to possibly remove the substantial uncertainties pertaining to the funding of the transaction intended by AMS. In addition, OSRAM will urge AMS to agree to honor the well-established interests of the company and other important stakeholders, and commit to enter into a respective legally binding agreement.
Osram sells and talks to investor
July 04, 2019Osram Licht AG confirms that it has received a binding offer from the financial consortium Bain Capital and The Carlyle Group. Furthermore, Osram has found a new owner for the Siteco luminaires business in Stern Stewart Capital.
AxleTech divests EV systems group to Allison Transmission
April 29, 2019AxleTech, provider of off-highway and specialty vehicle drivetrain systems and components, has sold its Electric Vehicle Systems division to Allison Transmission, effective immediately. The sale affects 5% of AxleTech’s global employee base of approximately 600 people.
Osram Licht AG confirms talks with Bain Capital and Carlyle Group
February 14, 2019Osram Licht AG is confirming the market rumours that Bain Capital and Carlyle Group are considering a joint acquisition of up to 100% of the company's shares.
A new chip company sees the light of day
February 05, 2018Following almost 30 years with Intel, most recently as president for the chip giant, Renee James is now the CEO of a new chip company; Ampere.
ContiTech acquires Veyance TechnologiesLoad more news
February 11, 2014Continental will expand its global industrial business via a significant acquisition: The company has concluded an agreement with The Carlyle Group, relating to the purchase of Veyance Technologies for approximately 1.4 billion Euro.