July.8, 2020 - 16:25 — YiningChen
Since the Austrian sensing company AMS won the bid of Osram in December 2019, it has been a long journey for it to complete the acquisition of the German company. Finally, on July 6, AMS announced that it has received unconditional regulatory approval from the EU commission for the acquisition of Osram and is going to close the takeover on July 9, 2020.
As the acquisition announced last year, it was stated that the merger would be subject to antitrust and foreign trade approvals by the EU. In the press release of the EU Commission, the Commission concluded that the transaction of Osram to AMS would raise no competition concerns in the European Economic Area.
AMS noted that with the approval, the last remaining condition precedent for closing the transaction is now fulfilled. The company is thus expecting the payment of the offer price to the holders of the tendered shares and the closing of the takeover offer on 9 July 2020. Following the closing, ams will hold 69% of all shares in Osram.
Contact: Mr. Victor.Y
Phone: +86 189 1799 2510
Tel: +86 21 6787 1275
Add: No.2 Zhenye Road, Songjiang District, Shanghai, China