Report
Stephane Houri

AMS AG : ams launches a new bid at € 41, lowering the acceptance threshold and raising the probability of success – Neutral ahead of the Q3 publication

>ams launches a new bid for OSRAM at € 41, with the minimum acceptance threshold lowered to 55% vs 62.5% previously - On Friday evening, ams launched a new takeover bid for OSRAM at € 41 per share, with the minimum acceptance threshold lowered to 55% vs 62.5% in the previous offer. This offer still represents a premium of 42% to OSRAM’s share price at 2 July 2019 (€ 28.92). As OSRAM’s leading shareholder with a direct stake of 19.99%, ams is confident in its success a...
Underlying
Ams AG

AMS provides advanced sensor and analog solutions for high value and emerging markets. Co.'s markets include Consumer and Communications and Industrial, Medical, Automotive. Co. delivers a broad range of innovative technology solutions for consumer electronics and communication device manufacturers including intelligent light sensors, MEMS microphone ICs, NFC solutions, active noise-cancelling ICs and ultra-low power management solutions. Co. offers customized, application-specific integrated circuits and standard solutions for a broad range of industrial applications including automation and control, position sensors, building automation, security and high-resolution seismic analysis.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stephane Houri

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