On Wednesday, the 21st of August 2019, Austrian multinational sensor-maker AMS, headquartered in Premstätten, Austria, centering its focus on manufacturing high-end sensor solutions for applications issued a public statement saying the company would be going ahead for a potential takeover bid for German lighting group, Osram at a €4.3 billion ($4.8 billion) buyout deal, laying the groundwork of what could have been an epic bidding war.
Further into the bid, the German lighting firm, Osram, said on Wednesday (August 21st) that the company had lifted an agreement which had been preventing AMS from making a potential acquisition bid for the company, confirming an earlier media report that spiked the Munich-based lighting company’s share price to a five-month peak later last week.
As of Wednesday (August 21st), Osram’s stock ended the day 3.1 percent higher to €36.25, above private equity investor, Bain Capital and Carlyle’s proposed bid of €35 per share, but well-below AMS’s acquisition offer at €38.50 per share.
Meanwhile, expressing sheer optimism over a AMS-Osram merger in a near-term outlook, AMS chief executive, Alexander Everke said later on Wednesday (August 21st), “We are pleased to launch the takeover offer which will enable the compelling combination of AMS and Osram.
Our strategy is built around growth for which a highly qualified workforce and a long-term commitment to Germany are essential. ” Nonetheless, at least two Bain and Carlyle spokesmen briefed directly over the subject-matter commented on Wednesday (August 21st) that the private equity investment firm had been planning to raise its bid for Osram, triggering possibilities of a potential bidding war.